Replies to post #13415 on Sugarmade Inc (SGMD)

[mudpuppy]

no it's manipulation both ways, but only one way corresponds to the medium term direction.
the current move to .12 is a short term correction of the trend, imo. but we shall see.

here's a little tech analysis for those who care:

the 50dma is probably the most often quoted barometer of trend. the last time sgmd crossed the 50dma was in april at .19. tomorrow it will likely cross it for the first time since then, but now at .12. The 50dma has been going down all that time, and even after it hits
.12 tomorrow, it will still be going down as it was then. the only way it would change direction to uptrend is if there was a sustained move above .12 for two or three weeks depending on how high above .12 the price went.

So we shall see......