ERBB'ers... maybe already covered in a previous post but take a look at the 2 yr chart technicals. Tech guys & gals should love the sweet bull symmetrical triangle pattern forming & MA cross. Short term we're looking very sweet and very nice! No doubt IMO we'll see .01...
Depending on which market maker(s) step up to the plate will dictate how well the pop is supported is another story. Higher Highs, higher lows and then consolidation... trading 101 right? I'd love to see some positive momentum and serious buyers step up to the plate this week with conviction!
Lets face it... smart money started pouring dollars into this sector a few years ago. If your just getting into it now, I believe this is the final leg up before the entire industry gets recognized on an institutional banking level... For all you youngsters out there, I was an Investment Banker back in the mid to late 90's... The cannabis sector is mimicking the tech sector, the technicals,accumulation patterns & volume spikes are uncanny! I've been buying everything I can including this position (average cost .0016) over the past 12-14 months! Point being there are 8-10 plays in this arena, is this one of the gems or just an over-hyped company that is enjoying the free ride complements of the BIG BOYS in the industry?
At the end of the day... Ya gotta have money to do business folks! Can ERBB weather the storm financially or are we dealing with another pets.com here?
