Monday, December 03, 2018 6:56:22 PM
It seems to me that makes no sense whatsoever given how much progress has been made.
It is looking like we are going to make up lots of lost ground and reduce that 1 year 52% decline into either a gain or a flat 2018 year. That would mean that price resumes up in December and in New Year to near the 2.30 range.
The technical analysis of the chart supports this thesis because we are just now breaking north out of a large falling wedge pattern which has price targets as high as 2.80. Breaks from wedges usually involve swift price action.
Secondly supporting a rally is that I am seeing a bullish harmonic butterfly pattern at the recent lows. This pattern goes back to mid October.
Lastly and a more general comment it makes sense to me that any company approaching the MJ sector that offers a highly diversified product offering of MJ products is more valuable than any one single MJ grower.
There is significant value in having a huge diversified product offering over time.
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