Looks like FIRE is setting up for its next rally (the Democratic US election win has given a boost to Canadian cannabis co.) . I'm seeing a short term bull opportunity purely on technical analysis. I saw a short term pullback to the $.30 range (on Feb.18) and now I'm betting it will retrace up to the $.40-.45.
Short term, I'm betting it will retrace to...
Descending volume during formation
PPS above 50MA and 200MA
Golden cross in blue
RS above 0, but descending
R/R ratio above 8
250RSI below 50
PT = 0,795$
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Supreme Cannabis company... touching the cloud, already did the up, second up, just waiting for the awayyyy!
FIRE is sitting just under its September avg of $2.32 and about to bounce off its support around $1.82.
If it continues to dip below and drop out of the cloud then its going the other way..otherwise watch for this to maybe even break out over the $2.32...
Their revenues are up by 50% since last quarter, and they just got licensed to supply multiple new provinces.
Big moves on the way from Supreme Cannabis. Very excited to see how this seemingly small player will impose itself on the market.
Stay high y'all ;)