$EXL - ELIXINOL GLOBAL - Hemp company with a decent chart.

$EXL - ELIXINOL GLOBAL - Cannabis company with a decent chart.

I've been following EXL for the last week or so after reading an article on them by an analyst who I quite like. ELIXINOL seems to have some good momentum in its business aggressively going after overseas markets. After a bit of a retrace entry conditions look good so have put in a bid. Would have liked to see more volume before entry but on the lower 15 minute chart there was a pretty good spike that broke out of its Bollinger Bands. RSI is around the mid 50's so looks like good value and a good time to take a punt for me.

ABOUT
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Elixinol Global Limited (“EXL”) (ASX:EXL; OTCQX:ELLXF) through its businesses has a global presence in the cannabis industry including hemp-derived CBD dietary supplements, hemp food and wellness products, as well as cultivation and manufacture of medicinal cannabis products. EXL’s businesses include:

- Elixinol (hemp-derived CBD dietary supplements), which was founded in 2014, is a manufacturer and global distributor of industrial hemp based dietary supplement and skincare products, with operations based out of Colorado, USA.

- Hemp Foods Australia (hemp-derived foods and skincare), which was founded in 1999, is a leading hemp food wholesaler, retailer, manufacturer and exporter of bulk and branded raw materials, and finished products.

- Nunyara (pharmaceutical medical cannabis), which was founded in 2014 to participate in the emerging Australian medicinal cannabis market has applications pending for cultivation and manufacturing licences.