As price drops deep into oversold territory, PPO and the ADX trendline squeeze tightly here which in short order should open an explosion of price action to the upside. With a healthy cash on hand and diminishing liabilities NEWH is now in a position for tremendous growth both as a company and in price!
Inverted hammer completely submerged below the lower bollie makes for a great entry in anticipation of a reversal. Hasn't been this low since late 2018, and likely shouldn't see any lower lows. Keep an eye on this one come Monday....mega oversold as RSI dips nearly off of the chart. I don't believe I have seen an RSI on a daily this low. Do your DD, as I have no...
Here is another example of an inverted head and shoulders patter forming and in this example we are only mildly oversold and in fact is likely starting to form its curl to test the resistance neckline at the .055 range.
Doesn't move on allot of volume on any one day, but the price swings can be violent. Why this is currently trading at these levels is beyond me but I do like the price.
Receivership is complete and now working on distribution channels for CBD....what I see is an accumulation channel for the best price until profits are realized.
