Looky what we have here.

So, in the previous chart, I was thinking that it wasn't going to cross that line due to the volume and or buying power. Well, they have just acquired final approval for the acquisition of CanniMed earlier today. A combination of diluted asset and possible positive conviction I believe, has lead to an increase just above the trend line. This has allowed me to move the support line up to ~9.85 and is a step in the right direction, but even if we can get a second confirmation above the trend line, there isn't much play room before we need some bulls to break that resistance at 10.70.

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Thank you for viewing my charts!

Yorum:

Also, this may have increased buyer conviction.
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