Charts tell the past, not the future. The Sugarmade chart pattern tells a story of low volume, investors waiting a long time for financials and proof from the company of what they are doing. I've been trading this over 14 months and following everything. All you follow is a chart, that's obvious because you went into freedom leaf, a new stock for you, and think you're king and know everything. Reading charts and making specific predictions about the future price adds no value, and will ultimately burn your account, the sooner you learn you can't be right more than 50% of the time looking at a chart, the sooner you stop losing money or start making more depending on your luck.
Sugarmade is not a stock that you can read a chart to make a good trade. The price revolves around what the company is doing and hasn't done, I've been in this trading it for over 14 months and have felt and experienced the price changes so trust me I know. Nobody predicted the financials would be delayed this long and the price would still be down here, and that's what the chart says.
That being said, you're looking at the chart and making a prediction based on the chart. You're not taking into consideration the things in play and how close they are to becoming real, and the feeling investors have about that fact. Website changed and coming very soon, PR couple days ago confirming everything, another visit to the company by our friend tomorrow, etc etc. There are too many things to hold the price above .12, saying .10 is completely baseless and if you're basing your investment on the chart you're making a mistake because you will be relying on luck to get your fill at that price. Over the long term, the more your strategy relies on luck, the more you will lose money, just like in a casino on a craps table. The house eventually wins, being right and wrong when you have less than 50% chance means nothing.
