Potnetwork Holdings Inc. (fka POTN)

[wtctexas]

http://www.fastmovingstocks.com/potn-continues-show-best-breed-cbd-boom/

Technical Analysis
The chart on POTN right now is flat out Special.
First off, you have an undeniable longer-term upward trend in place, as defined by the rising 200-day simple moving average sitting underneath the stock’s current price for basically all of the past six months.
Secondly, we have a healthy sharp pullback to key support at the critical level on the chart. This level test coincided perfectly with a bull signal under 30 on RSI. At that point, just like magic, we saw a massive bid enter the scene and put a pivot low into the stock.
Third, since the low was put in place, you couldn’t ask for better action to confirm the shift in this stock, with a bolt higher to break out above the downtrend line, the 50-day average, and the late April range highs.
As far as reversal patterns go, it’s as easy as 1-2-3 with POTN right now.

Key Points:
* POTN continues to show remarkable growth across the board, with a 98% y/y swell in CBD segment sales.
* POTN is benefitting from the 700% growth projected for the CBD Oil market segment.
* POTN is coming off an RSI trough under 30, pointing to a massively oversold stock now heading back the other way.
* POTN just held key support at the 200-day SMA and then broke out above the 50-day – a powerful technical transition.
* POTN recently announced the retirement of nearly half of all outstanding debt.