hi
#TRIP(RED LIGHT HOLLAND CORP)
is in great weekly demand zone
Entry:0.100 (this week candle)
SL:0.080
TP:0.390 means 280% Profit
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Canada as well as multiple states are legalizing magic mushrooms. RedLight Holland is a leader in this space as well as recreational use in the Netherlands. They have made strides with the Canadian government to import magic truffles as well as made waves with Colorado's bill to legalize mushrooms for recreational and medical use. This stock was once valued 5x...
TRUFF: Hit's one week new extreme: .40. Very scary, if you're sitting on the sidelines only commentating this game. The flexicution is very real, chimpanzees.
We are about to enter a psychedelic age. The plan - the liberal plan - is to legalize recreational drugs. From psychoactives to opiates. First, they will start with companies like TLRY, Canopy Growth etc....
A good micro cap Canadian company with the potantial to do dealerships with much better companies or in a variety of sectors... The news is good and we are waiting for the big boom. It is already at the psycedelic pharmacy ETF and as it boomed once the previous year we are waiting to see a steady uptrend.
Here's $TRIP again, charts looking good and we havnt been at this support in a while.
A wedging pattern formed and a breakout is imminent.
✅ Bullish Trendline with strong support levels
✅ Near the end of the wedge
✅ Red Flags = Relative Strength Index ( RSI ) divergence shown here
A price entry can be made here ~0.30-0.32 and looking for confirmation(1) at...
TRIP had a major news release today, having its psychedelic products authorized for import to Brazil. The stock has consolidated well and is forming a Double Bottom (bullish biased) pattern on the daily chart. Promotional campaign is under way. I am in at .495.
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Red Light Holland iMicrodose Pack Receives Authorization for the First Legal Import and Sale of...
A nice Cup and Handle forming as we make it towards the end of the week. Perfect timing with the upcoming news release.
Red Light Holland has already made it known that they want to be the forefront in Psychedelics. To date, i've noticed a strong campaign regarding branding and increasing company exposure/ psychedelic acceptance. I do like that Bruce Linton is...
Trip seems to be picking up steam and reversing direction to the upside.
I am in the trade at Avg. price .30
My targets are going to depend on volume and how it moves, 1/3rd at first target and 1/3rd at second target if I think it will reach there, the remainder will be held long or until a confirmed reversal to the down side.
This idea is written from a purely technical perspective and does not consider news and reports in the market about RED LIGHT HOLLAND.
This time I looked at the chart on daily and hourly time frame basis together.
For explanation: ORANGE = daily, BLUE = hourly. Point C (orange) I have moved a little for clarity. The blue C point is the correct one for both ABCD...
Hello again fellow Bulls, most of you probably ask the same question, where can I get a similar stock like MMED, well I am here to tell you that TRIP is baby MMED and moves 2 times stronger when MMED moves. However, before you put any money into this penny stock, understand that I do not know their long-term plans nor I am confident they are even a good company....
Clean break after consolidating in tight range. Not much resistance until .11. Last financing done at .165. Promotion starting this week after CEO's arrival in Netherlands. Favourable macro.
