TARGET = FIB
To make the Scenario play out : Price got to get over 13.00
This is about to get serious.
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Hexo seems in good postion to test next resistance à 11$61
Pro :
Hexo as found good support on 50 MMA
Hexo has closed today above the 20 MMA.
Breakout of the uptrend channel.
Breakout on RSI 14 and RSI SPX 50
Cons :
MACD looking good but needs to confirm
ATR is decresing
Copied 2017 & 2018 patterns
For this to happen, this needs to occur;
1) Hexo’s Q2 record gross revenue ~50M$ + positive EBITDA - earnings should be released around mid-march.
2) US banking and decriminalization by June
3) Canadian regs change to allow case quantity of Bev purchases - in Q3 2021
HEXO road the 50MA all day today
Just crossed the 9MA and about to
cross the 20MA...does this mean
we are about to see a breakout??
What we can say is that the rest of the
MJ Stock Index is also in the same START
position!
Is this a "CALL" to action??
Do you see what we see?
Trends are trends...
But Flags are Golden....
Now which way??
Revenues up 30%
Gross margins at 40% (which is excellent)
Operating Expenses DOWN
Expanded Partnership with Molson Coors to
explore US CBD in CO.....
All we can say is that when Revenues go up 30%
from Quarter to Quarter...
ya that is a positive for this stock!
TSX
