THC Therapeutics Inc. (THCT)

[BennySlots]

Look at the daily chart. The PPO and ADX are setting up a pincher play. The MACD line is about to cross over the signal. The RSI says we're oversold. And the 20 MA is WAY up there at .25.

Now look at the hourly chart. The PPO/ADX pincher play is already in motion here. Discounting the affect of today's profit, the +DI buying line of the ADX is starting to cross up and the selling trend is coming to an end. The 10, 20, and 50 MAs are starting to crash into each other. And the MACD line is getting close to moving above zero.

Why is this happening? Maybe the new shares are done entering the market? Maybe they're doing something fundamentally better? I don't know. Some stocks I play because I already like the company. Some I play based on the chart. On this one, so far I'm just going by what the chart says. And the chart says there may be some turbulence as we round the corner but, all in all, things look primed to take off and bounce back up!

GLTY! ASUV