AI
Thursday, May 02, 2019 9:10:36 PM
It is not a vote of confidence when both the CFO and CEO have dumped shares for 2 months while also announcing a greater than expected loss in earnings . What will it take to win back investor confidence in a stock that gets shelved in the Bubble category.? We can see nothing on the horizon for them, as quite frankly there are better Cannabis stocks to invest in.
On a positive note, the velocity of selling has started to slow down and indicators are starting to perk up. The stock is currently hitting against downtrend line, so a break of $54 would be a positive signal with $64 as the next barrier.
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