EVIO Inc (EVIO)

[cure627]

Yep, and that my friend is what drives up spec pennies. The lesson here is to TAKE PROFITS on your gains. Take some off the table always. If you have not learned that by now then you never will. It's consolidating nicely back to .055, I imagine it could close AH at .050 even but thats healthy. Tomorrow we may have more profit taking before the next run up. It needs higher lows consistently. Tomorrow being Friday I expect it to trade sideways if not lower going into next week, which again, is filling gaps and hopefully we can close between .050-.055. We could even see it dip back to .047 before going back to fill the gaps up to .055. I think you may be treating this like a stock where investors do extensive dd, look at charts, etc. Not so much here. Just from the momo that has been created in the downward swing, it will continue, but in an upward swing.
It would not surprise me to see this filling the gap upwards to .10 by Christmas if the major selling has decreased and if there is some more correspondence from EVIO. You cannot treat this stock like other cannabis stocks you are invested in bro. Its a spec play and you will have day traders here, swing traders here, starting now. To be healthy it needs to consolidate and fill gaps. That being said, you can also not look at this stock from too much technical charting....but with any penny spec stock, consolidation is step one, followed by volume, and upward gap filling. Let's see what next week brings. You may also have those who have lost their asses take advantage of tax selling thru the next 7-8 days which will also cause difficulty trying to be fundamentally sound. Going into the new year we could very well see this back to the .20-.25 range. It will be interesting to see if anyone here learned a lesson and start to take profits, buying back as it consolidates and in some rare cases actually buying the upswings. The good news is even with the sellers, the stock ended up the day up 15%.