To support my statement, I should add why I say moving up for sure. I'm always looking at several things to decide which way a stock is headed in the short term, because charts do not tell the future nomatter what you think, charts are only an indicator of a future based on the past which is no certainty at all.
This is what I see as an MJ sector trader, for RSII:
1. Chart - 6 month chart looks beautiful. It is following what looks like a very predictable pattern, and currently we are on the low end of the next rally. On 2/12 it barely touched the 60 day MA (wilder) and again on 4/13, and started moving up.
2. Sector News - Last Friday the sector had amazing news and about 95% of MJ stocks went into a rally anywhere from 10-50% but about 25% on average in 1 day, then continued gains yesterday. RSII did not have gains along with other stocks.
3. Today, down day for sector - The MJ sector is down pretty big today, probably just profit taking and low volume. RSII is in the green today with higher volume so far than all last week and yesterday. No doubt some traders that took profits from other MJ stocks are buying RSII shares.
4. Company tweet 4/13 - CEO tweeted that "the countdown to 4/20 begins now", indicating something good is coming on 4/20 whether it means just general buying in the sector or he might be saving something for us. This stock has rallied recently on anticipation and tweets.
5. 4/20 - Historically more buying than selling on 4/20. This year it's on a Friday, and we might get an exciting PR or tweet from the CEO.
All these are indicators of more upside from current pps of .013... as I type I see the pps made a new high .0145, gotta go!
GLTA
x100xPercent
