GL Brands Inc. (fka GRLB)

[Amac1001]

Reposting from a LA-Trader PM if this helps:

RSI by itself is nothing- it is always pegged on big runs. have to look at a lot of different things in the charts as well as understand what type of run it is.

The chart today is bullish but I also don't like that big drop gap of selling at 1:50pm. We spiked up after that into the close, but typically a gap needs to be filled so we may see a drop to .35 on the open. If more buyers are waiting to pile in on a Friday it will run back up. nothing is going to get magical until we pass the old high of .47

Why? because new investors and traders like new highs and new momentum. they do not like buying retraces. we are only retracing here until we start setting new highs over the old one of .47. then you see sparks fly and the dogs are set loose.

this is all short term of course. long term this will be in the dollars as long as FRLF sticks with the present course- and I see no indication otherwise. Merida will help them get there even faster.

This is not an easy stock to flip if not experienced in doing so. you can easily end up chasing your tail all day for little money.