Most seasoned traders follow the "technicals" of a ticker to determine how to trade it. When a ticker has been in consolidation mode for an extended period of time, it is considered a sign of strength which shows that the longs are not selling.
Of course it can also be seen as a sign of stagnation, especially if it's a stock in a booming sector, but since the entire cannabis sector has retraced considerably, the FITX consolidation is ever a more bullish indicator. And since the pps is on a collision course with the 50MA, given the drivers we now have before us, I would say the sentiment is largely bullish going into next week. See the sector chart here:
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