There are some MJ sector stock with floats in the billions and the pps range from copper to silver….CHIT float around 50M. I think under that…OS 127M….This is also a real estate play as well. Read this to understand;
Retracements or dead cat bounces usually are at least 40% of the difference between the previous base and the new high or new low. In this case the difference is 0.068 multiplied by 0.4 (40%) and add the 0.0012 with it to get the new price. This should be at least 0.028 and is the primary reason why I bought into the stock as the RSI normalizes again. Weekly is still down below 30 and needs to reset as well. We get news and it will go higher than that over time. This may take 2 weeks to reset but its good odds. Playing this only for my Las Vegas and vacation fun money!
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