Sugarmade Inc (SGMD)

[TradersQue]

Refer to my cheat sheet I have a .0128 retrace with MM's crossing near .0122 I doubt anyone gets below those numbers. Many longs soaked up bottom shares and handed some off higher to new buyers. Meaning we are still all holding a core position here with some new investors beginning to accumulate. I see no .011 like many are wanting to get.

Today we seen the second attempt to break support along the .014 range. I have a .0144 support pattern showing on the daily and .0138 on the hourly.
Today seem to trade well given the latest decline. I do think many can't understand filings and just follow volume plays and leave. There are a hundred companies out there with half the revenue and trade over $1.00. Simple math here to move in for a long return in 2021.

Also did anyone look into Eurofins scientific???

I agree hard to watch this collapse so easy, but previous business operations have made some give up. Now SGMD has to turn it around and seem to have a real team and effort pushing this. I do see a buyout possible and the numbers are staggering for an OTCQB stock. They aren't just doing business they are soaking up huge assets in hydro/hemp market to become a buyout candidate or a world leader in supply & demand.

FYI: Eurofins scientific last buyout of an american hemp related company was $370B