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Bottom fell out for whatever reason
I'm fine with higher lows. Every day that this holds above support and continues to test resistance is a day closer to PPS sky rocketing. Chart just looks better every day
SRNA
Excellent post, stickied
.20+ this week
SRNA
Here we are - Todays candle : Bullish engulfing.
Take a seat
SRNA
Patience grasshoppa....
I agree with others that yesterdays candle was confirmation of the cup and handle pattern. Combined with a positive atmosphere in the cannabis markets, recent action, and the recent news releases, were soon to be above .20
SRNA
Could be testing .20 by end of day. Investors will be scrambling after lunch to get in before the weekend
SRNA
THIN to .20
SRNA
Whos getting caught chasing this lol
SRNA
MMs holding it back by putting up a wall
Good consolidation. Chart looking good
SRNA
Building a strong base here to launch off of. 2021 will be a big year for SRNA
Well stated
That’s usually the plight of the people who come on these message boards just to poo-poo a company
If cannabis prohibition is repealed, and Surna continues growing with the industry, then all the believers will be laughing all the way to the bank - $2, or $50
Nice lower shadow on yesterday's candlestick - still looking good here. Remember where we were a couple weeks ago
SRNA
If we fell back to .04-.08 I’d be nervous. But we’re looking healthy still
Overvalued at .21?! No way lmao
Couldn’t have said it better myself. The average joe trader gets very emotional when their pony isn’t winning the race lol
I disagree with that outlook. We could even see a bounce as early as noon. I’ve been trading in and out of this for a long time.
Gotta relax man. Dont even watch it lol
Theres going to be profit taking especially panic sellers who own shares below .05. I see a bounce at some time this week. Cant trade with emotion
SRNA
You’ll be the only one watching it Monday. Markets are closed
We all knew this day was coming for a while now just a matter of when. A lot of the negative people probably sold all their shares to us for a loss. Now we just get more sellers out of the way and get above .20. I agree that the floor was established in the .13 range
Srna
Bit of a boring day, but the chart has me salivating
SRNA
Bidders desperate to get shares under .05, as soon as they raise theyre bids and they start slapping the ask, we move to next leg. Higher highs and higher lows
SRNA
A little EOD run past .05 would be swell
SRNA
Big wall at .05. Market makers are holding her back for today. Im fne with it
SRNA
The 30-min chart looks sooooo soooo sweet, we're setting up beautifully for a nice run past .10 cents
SRNA
Profit takers. Doesn’t mean it’s heading back to .02-.03. This had a big volume spike and 2 days of gapping at open. There’s more eyes on this now and any dip will get bought. I’m predicting an early day dip and followed by a recovery and testing the next resistance levels. All speculation of course
SRNA
It'll pass. The UN just voted to take it off the list of dangerous drugs. It will be rescheduled in the US its just a matter of time
SRNA
Surna Inc. Is Well On It’s Way To Being A Prime Turnaround Story In 2021
Early last month, Surna Inc. (OTCQB: SRNA) announced third quarter operating and financial results for the period that ended on September 30th. Due to the improvements that were made to the company’s balance sheet during the quarter, we were surprised by the muted response from the market.
At current levels, Surna is valued at approx. $5 million on a market capitalization basis. As of September 30th, the company reported to have more than $2 million of cash on the balance sheet. Surna ended 2019 with less than $1 million of cash on the balance sheet and we are favorable on the actions that have been taken to strengthen it.
During the third quarter, Surna reported to have generated $1,635,000 of revenue. Although this number is substantially lower than the amount of revenue that was reported in the third quarter of 2019, the company recorded margin expansion and we are favorable on this metric.
Over the next year, we expect Surna to benefit from the launch of new state-of-the-art products. The company has been focused on expanding its portfolio of products and services and we expect this to serve as a growth driver in the near and long-term. In a post-COVID market, we have seen a spike in increased demand for cannabis and expect Surna to record higher sales as a result of this trend.
As it relates the types of clients that Surna works with, we have noticed a shift from Canada to the US. In 2019, most of the company’s revenue was from Canadian companies. So far this year, the company has seen a change in its customer profile and has seen an increase in sales to US companies.
In 2021, we expect Surna’s sales to be even more weighted to the US market and are bullish on the potential that is associated with this burgeoning market. Based on the performance of other ancillary cannabis companies, we are surprised by the market’s lack of interest in Surna. We are of the opinion that the market is missing out on something with Surna and find the valuation disparity when compared to other ancillary cannabis companies to be attractive.
From a profitability standpoint, Surna has been impacted by the COVID pandemic and we expect the trend to be transitory. A highlight from the quarter is related to how the management team has executed on a disciplined cash management strategy and we are favorable on this aspect of the story.
The strength of Surna’s management team has played an important role in how the business has turned around. The COVID pandemic created a significant headwind for Surna and we are favorable on how the management team has navigated through choppy waters. Going forward, we believe that Surna is well positioned to be a beneficiary of the new White House administration and is an opportunity to be aware of.
The name of the game for Surna is execution and we believe the company has the resources and the human capital that are needed to be successful. We expect 2021 to be a banner year for the business and will monitor how the Surna story continues to evolve.
If you are interested in learning more about how Surna is positioned to capitalize on the ancillary cannabis industry, please send an email to support@technical420.com with the subject “Surna” to be added to our distribution list.
https://technical420.com/cannabis-article/surna-inc-is-well-on-its-way-to-being-a-prime-turnaround-story-in-2021/
There was some good end of day action yesterday. We’ll be moving up soon
SRNA
Glad we lost some adminstrators on this page. Back in 2015 I added a lot of pictures to this page, and someone came along and deleted everything and posted a bunch of retarded tables that were impossible to make sense of due to being pasted in a different format. I went through and made the intro a little shorter so that you don’t have to scroll through miles of nonsense to get to the message board.
On a side note, we seem to be approaching an upswing
SRNA
Dont get too excited, we still have GOP controlled senate. But definitely optimistic
SRNA
GTSM on both bid and ask, with a 300k bid in--a market maker that most have not noticed.
What makes them special is they are a foreign MM, and they have institution clients in addition to OTC clients... camouflage for the whales
Could be a sign that this is going to take off soon
SRNA
Earnings look good
SRNA
Earnings were released 11/12 of last year. I am looking for earnings any day now and maybe a run leading up to the release
SRNA
Something happening behind the scenes IMHO. Big BIDS rolling in
SRNA
GTS has a hue 200,000 bid in. This is a good MM to see on the bid
SRNA
Federal legalization is imminent. For the sake of public health, the scales are tipping away from prohibition. The surge in black market vaping cartridges will definitely push it further in the direction of legalizing
SRNA