We can expect a very slow up leg, followed by a slight pullback. The meat and potatoes will be served by the time you get the munchies. puff, puff, pass...
This is an update of my previous idea on HUGE.
As you can see it was a bubble, went 5X and then corrected steeply.
Now trading in a tight range. Has tested the support 3 times... bit worried that support will break as more buyers are absorbed.
Huge volume on this candle but that wasn't enough to see an uptrend the last time there was major volume.
All in all,...
I've been following this stock for quite some time. As with most MJ stocks, this stock has been subject to hype/pump&dumps in the run up to legislation in Canada october 2018. After that we have seen a big retracement and correction to the current level where FSD has bottomed out. Change in the daily uptrend is marking the start of the next cycle according to my...
FSD Pharma looks like it is in accumulation, before a move upwards that could reach as far as the local resistance 'first trouble area' before retracing back down - there would need to be significant upswing in buying volume to go further than that.
Indicators -
Bollinger Bands looks awfully similar to how they did in July 2018 shortly before accumulation and...
This is my first post on this wonderful community so go easy on me. :D
Part of this movement is predicated on the latest harvest that passed Health Canada analytical testing; one of the last steps towards obtaining a full sales license from the regulating body. Prior to this announcement on Jan. 8th, massive volume was observed just 24 hours prior.
HUGE has potential bottomed at its level .280 and has since shown enough strength to break through several points of resistance. It is currently holding above EMA levels up to the daily chart and I could see this continue until our next big test on the weekly. I bought in at .335 and will continue till resistance at around .500 to wait and see if it breaks...
FSD Pharma had a big bull run over the last month. After the 18th of Oktober we saw that the bears controlled the Cannabis Stockmarket, but I think for the future will FSD Pharma be a big player in the Global Cannabis network, so lets see where its going :-)
