Lifeist Wellness Inc (NXTTF)

[AAAtrades]

The short term timing is really tough because of the potential for expected news (ie. license)

RSI did reset quit a bit to close this week.

Is it true that license decision is only made on Friday? If that is the case then it means we have another 5 more days of potential consolidation.

Perhaps there is selling follow through Monday and Tuesday, then the September 12 party which could put a floor in the selling and lead to a bullish reversal and somewhat flat prices into end of next week, then license next Friday leads to a new blow off price move higher ?


The bottom line is that the canadian symbol met resistance at 3.24 level and the selling at that zone was to be expected from previous holders who wanted to get out last year.

So a few more days to clean those sellers out then opens the door to attack 3.24 again and succeeding above 3.24 opens up to much less resistance and blue sky type price action