Neptune Wellness Solutions Inc (NEPT)

[value1008]

Ha! the stock went right down to low of day (LOD) of 2.66, one penny above the offering price, and then zoomed right back up.

Looking at the daily chart, there's some resistance levels clogging things up in the 2.90s (50dma presently at 2.93, 9dma at 2.96, 20dma/mid-Bollinger at 2.98) and then upper Bollinger band (presently at 3.20).

But the Ichimoku cloud band T.A. has a nice upward shaped green cloud-band ahead.

With the recent several-day pullback, the RSI is just under 50, so there's a lot of room above for this to run on any positive news / guidance on next week's (Tues Aug. 11) earnings report and conf. call.

I just missed getting a big bunch of shares in 1.80s-90s back on May 1, played a small swing trade from 2.12 to 2.72, missed selling higher in the 3s, and now have a big position loaded at 2.84 avg.

Like DS_CPA, i really like this CEO Cammarata -- his honesty, enthusiasm, smarts, and history of success.

I just posted a heads-up about NEPT over at the ihub Savvy Trades board. Obviously, there's a lot more i could have written, e.g., on the manufacturing partnership with IFF, which i think is YUUUUGE!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157336493

GLTA