I have been watching this for quite some time, managed to buy in and then sell after the last bottom. I have had my eyes on this weekly gap since then, we have some great fundamentals behind the company. CBD looking to be legalised next year in Australia would be a great step forward and looks like its heading that way! I wont be taking a large position due to the stock market current conditions, but i do feel like this stock has room to grow so keen for a little play. Also mindful not to catch a falling knife!
Some big news with regards to legislative changes acquiring Cannabis licenses which should bring this back up
hahashishi
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Are you still watching this?
2c off All time low. Bullish divergence on the RSI daily. Buyers need to (might) step in here.
I'm considering an entry here
DylanWikki
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@hahashishi, I actually have had my attention elsewhere. I just had a look though, I am seeing it now though...
I think you may be right on this. It's coming up for a significant bottom and should bounce from there. The real doubt is whether the long-term correction it's been in finishes at this bottom. I don't think it will and I think there's still more up-down up-down to come but nevertheless worth considering for a trade to the upside (lasting weeks I think). As you have said broader market sentiment is a problem.