NUMI.V - New major player in the hot psychedelics sector

NUMI.V is one of the more legit entries into the psychedelics space with a controlled substance license and healing centre in Vancouver. Roughly 34M shares trading atm with the rest locked up for the foreseeable future. Good action today, forming the base around $1 with VWAP of $1.08. Expecting further appreciation in the coming days before it pauses for consolidation.
Top volume on TSX-V today. Many brokerages did not have it available for trading, so there will be new buyers lining up tomorrow and Friday. $2 is a realistic near-term target, in my opinion, given the hot sector and promotion.

Kommentera:

Re-tested .80 support today for a double bottom on the daily chart. Some sizeable buys near the end of trading day. I loaded up at .82. Expecting a better week coming up.

Trade stängt: Stopp nått:

Ended up stopping out. It looks like IPO paper is still being unloaded. Will revisit once the dust settles.