Resonate Blends Inc (KOAN)

[Toronto_Trader]

The RSI only saw high 80’s. I’ve seen many stocks run until the RSI makes its way into the mid 90’s before any type of pull back. I’m not saying KOAN is going downhill but I don’t think this move is as solid as some hoped. It needs a lot more interest. Let’s see if volume and momentum can actually come in.

Let’s not forget when this ran in the late summer of 2018 under symbol TXHD, it ran from $0.07 to $1.96. The RSI hit 97 and the market cap was less than $8 million versus what we just experienced with KOAN which saw a run from $0.0301 to $0.93, an RSI below 89 and a market cap of over $35 million.

$KOAN