Sunday, July 27, 2014 3:31:03 PM
Here is proof this stock will reach the 30's - upper 20's
http://scharts.co/1oxdsbV
If you look at the chart, you will see a classic down axil with lots of red sell-offs after the peak (7-23-2014). You will also spot typical double headed bear flags, on 7-25-2014 after the initial dip at the opening. Which CLEARLY indicates this stock is not finished from falling.. Not to mention the FIVE shoulder dips on 7-22-2014. It's clear as day.
Again as I've stated before, it's not just ATTBF going through this decline, it's the entire sector as a whole. It's only temporary though.
In the future I feel ATTBF could possibly be a decent player in the MMJ industry. But right now until Health Canada starts to expedite their job, ATTBF as well as others in the industry will go through a decline.
If you are long ATTBF you have nothing to worry about! If you invested in ATTBF a long time ago, I'd encourage you sell a bit and take a few profits while it's in the 50's. It will not be there by the end of the week. And it will stay low until HC approves.
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