Loaded that $HEMP up, ready to buck this downtrend with a GREEN SURGE and volume over 15-20M should bounce nice for a few.
Over the past 2 months or 43 trading sessions, Down 28 days (or 65% of the time), UNCH 8 days (19%) and Up only 7 (16%). During the 28 down days, the trend isn't your friend, having consecutive down days of 5, 6 and 7 (or again around 65% of down days occurring in 3 extended moves).
If you factor in the days of no change, combined with a negative closes, 36 of 43 or 84% it has failed to close positive and not once having a streak (technically) of back to back gains. Since the spike on 5/18 or 18 trading sessions it's been equally as bearish only being up twice (11%) down 13 times (72%) and NC 3 (17%).
Sounds worse than a last place sports team or my grammer LoL. Time for a little Bounce IHUB.
Been in a tight range of $.011-.0115 and this green close on a mini breakout with strong volume were a nice signal for me to enter. Looking to make it 2 straight for the first time in over 2 months. So your saying there's a chance, JEEEZ!!
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