Are you kidding me. This is exciting? $5000 worth of dollar volume and a shitty at best head and shoulders attempt? Arent you the same guy who said last time it was a "golden cross formation"? LOLOL.
Then I said it looked like a "Crucifixion Pattern". Which it was and the stock went right into the crapper right after that. So please spare us all the hype and your self promotion that you are some kind of chartist.
This is a trend play at best because Oswoldo is a terrible CEO. He was a beverage salesman before this. I mean look at this statement HE MADE.
"The Company’s Chief Executive Officer, Fernando Oswaldo Leonzo stated, “As we approach the final stages of our divestures of our non-core assets, we believe this is the right time, since changing our name back in February of 2018, to pursue opportunities and commit ourselves to the cannabis space."
Non Core Assets?? That guy did not even know what a non-core asset was until he started one of two things. Watching SharK Tank LOL or understanding that he did not know how to run a business, build one or divest one until he had no choice. The other yo-yo CFO couldnt see it coming either. So what you have here is a more of the same management with a different spin.
Hopefully Ramagossa can do a better job and they keep the two idiots in the backroom running forklifts. This is a trend play now in the cannabis space and nothing more. Just Chill is well under a $1,000,000 in sales.
There is a tremendous amount of overhang here so dont expect some run-up to .30-40 area anytime soon. Buy here and sell on the hype if you have the patience .I did around .30 and will start scaling in over the next few weeks and looking for an exit within six months.
