Loading ...POT stocks could be on their way to making new highs CBW.v
As an example, CBW descended to its 20 day moving average, which happens to be the 50 % FIB retracement. This is a modest retreat and it is possible that it will now hit new highs. This story was repeated today by other Weeds.
Hope So….I’ve been trading them with success
Most likely though we form a consolidation pattern here
That was an astronomical move….usually followed by a consolidation at best
likely they flag …albeit with a wide range
If they blow up to new highs (pun) that’ll be fine too
I just bought this stock last week the otc version cbwtf. Looks like it will be a good trading stock. It has massive volume compared to the miners I trade. I like their business plan of a streaming product share for revenue model. It seems to have worked well in the PM space. This is my 1st ever cannabis stock, hey it’s green gold!
Should call it Cannabis Wheaton
🙂