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modernpicasso

HEMP: Potential Bottom at $0.89?

HEMPALTA CORP (TSXV:HEMP)  
modernpicasso  
TSXV:HEMP   HEMPALTA CORP
Trend Analysis Wave Analysis Chart Patterns HEMP marijuana ACB Stocks stockstrading market elliottwaveprojection
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trendanalysis waveanalysis chartpattern hemp marijuana acb stocks stockstrading market elliottwaveprojection
Observations:
  • Whenever there is a massive uptrend at such an alarming pace, we always see long drawn out corrections.
  • We see the next fib level support is at $0.89 which could potentially be a buy zone.
  • Also included some thoughts around the timing of the correction but I would take those with a grain of salt.
  • Fundamentally, this company is going through some transitions and I believe in them for the long term.
Disclaimer
For informational purposes only and not deemed as financial advice.
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