Replies to post #4362 on Cannabis Strategic Ventures (NUGS)

[roiresearch]

Chart - trends lines come into play when institutions start to buy

We know GUGS on the lineup for CSCE

The YELLOW line is the projected path - this chart has been posted for at least 2 days now and the stock is just doing what the principal traders want it to do, stop at resistance and bounce at support

If you look at the 2 blues lines, that is big, big support. That is where everyone and their mother is placing their bids as a safe play. We may not make it to the bottom of the Yellow projected path around .006. It may stop at .007 - .0075 as people don't want to miss the break out.

This is a classic bullish wedge and doing exactly what it's supposed to. I still think the Yellow line is right, but if people decide to slap that ask before you do, then we break out that much sooner



Previous chart showing all the breakouts when someone else decided to buy CSCE before you did (don't be gun shy)
(posted Sept 12th)