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Re: stocksablaze post# 7759

Tuesday, 07/21/2020 3:07:45 PM

Tuesday, July 21, 2020 3:07:45 PM

Post# of 14223
Hi Guys,

Great move up in stock price for NGW. Trading at $.1617 U.S. taking out the near term up side resistance.

Now the next up side resistance points at $.1750 U.S. noted from Candelstick chart doji formed on 9/23/2019

See everyone there soon.

To me this move is a reaction to the implication of recent news stating that all product is sold out for weeks ahead. And the company is looking to add growing capacity very soon.

For me I am looking for a formal announcement of leasing a new indoor flower growing facility. This announcement in my guess opinion would be noted by the company at or before the next earning release. That being August 15, 2020.

That news would really move the stock price up to a new trading range. Depending upon the size of the new flower growth facility.

GLTA

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