Endexx Corp (EDXC)

[Ill like Kobe]

Right, judging by the charts the entire sector seems to have been moving together, a range of MJ tickers are now accumulating low again.

As for this ticker EDXC, the run it had earlier this year was founded on some very decent and consistent volume and with the market cap being (correct me if I'm wrong) under $20M I think demand will grow after it makes for its' first major breakout since March. We saw volume begin to putter out in April while the price still dropped which leads me to believe there are some strong hands accumulating this operating in favor of long-term foresight. I think this is a good thing but it will mean rallies will illustrate control so after the breakout I would anticipate the next resistance being established around previous highs at $0.30, maybe a bit higher.

The sector looks like it's going to take off soon. I expect there are a lot more people eying EDXC confidently than there were last year so demand after the breakout could likely be stronger than ever.

Considering how many traders likely fan-boy their favorite MJ stocks every ticker with legitimate ongoing operations in the MJ sector will be locking up profits as long-term share positions in and this will decrease share supply, thus MJ stocks that aren't diluting will run harder when they do.