I think that HEXO is close to a bottom. 0.10$ possible aka 2.618 fib level possible as it coincides with a 1.618 projection of the AB segment. I think that HEXO would rally from there if it doesn't rally before.
Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA |...
Chart painting from the early 21st century, artist Maxi Scalibusa. No investment advice or a recommendation to buy or sell any securities. This is entertainment. Start 2.23 CAD
Monthly chart at it's best and it's just a beginning! Get into it.
TARGET = FIB To make the Scenario play out : Price got to get over 13.00 This is about to get serious. For more update in french : www.patreon.com www.youtube.com
Hexo seems in good postion to test next resistance à 11$61 Pro : Hexo as found good support on 50 MMA Hexo has closed today above the 20 MMA. Breakout of the uptrend channel. Breakout on RSI 14 and RSI SPX 50 Cons : MACD looking good but needs to confirm ATR is decresing
Overall this sector will be very positive this year but need to build position.
Bullish Pennant Pros: Descending volume during formation PPS above 50MA and 200MA Golden cross circled in blue ATR Ascending R/R ratio above 10 RS above 0, and ascending Cons: 250RSI below 50 200MA flat Target: PT = 14.80$
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
"Cup and Handle" forming nicely, maybe a quick play before the end of the year! Thoughts and suggestions are welcome:)
I don't often look at the monthly chart, but this is very interesting
Earning report this monday. We could see big move. I think from de price action we could see a up side move.
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??