Replies to post #37968 on Branded Legacy Inc (BLEG)

[sleekscape]

I agree with you, VATE is setting up very well here

VATE has moved from a low of .027 to a high of .058 over the past few weeks

But the day VATE hit .058 it only traded there for a few minutes and then went right back down into the .04s

VATE has spent 90% of the time during the past 2 weeks trading between .04-.05

Over the past few days the volume has decreased and VATE is moving sideways — this is textbook consolidation

Here are the lows of the past 4 trading days — .0425, .043, .043, .0415

Here are the highs of the past 4 trading days — .046, .049, .0475, .0475

This is the expected consolidation phase after the very high volume runup

Many were calling for a cup and handle even before VATE broke .05 in May for the first time in 6 months, so there is nothing unusual or surprising about VATE’s price movement over the past week or so

RSI had been in the green zone for quite awhile, and along with a few other technical indicators, it has now been reset

More importantly than everything else is that VATE has transformed from a boring Hemp Coffee stock into an exciting RTD CBD Coffee and CBD Tea stock

How VATE traded as a Hemp Coffee stock with convertible debt and minimal revenue growth is not entirely irrelevant to the discussion, but it is largely so

There is no valid comparison between VATE as a CBD Beverage stock with no convertible debt and expecting 100% revenue growth in Q2 to VATE as a Hemp Coffee stock with convertible debt and flat growth

The launch of the CBD Beverages changed everything — that’s what the market’s response in May to the launch of CBD Coffee has already communicated to us

I’m looking for VATE to put in a bottom shortly, after which it will begin the next leg upwards towards the .07-.08 range

I’m in no hurry though

There’s no better identity in the cannabis sector right now than VATE’s as a RTD CBD Coffee and CBD Tea stock

And the CBD Iced Tea literally just launched this week

Kelly Distribution is only 1 distributor who got a head start on the field

The other 3 distributors have either just received their pallets of CBD Coffee and CBD Tea (Synergy) or will be receiving them within the next few days (Tappy and Outwest505)

So distribution has barely even started

VATE’s cans and bottles were only in Illinois in May, but in June they will also be in Wisconsin and New Mexico, too

I’m sure additional distributors in other states will be announced regularly this month as well

So I feel really good about VATE’s future and am thrilled that both CBD Beverages appears to be big hits with consumers

This is only the very beginning

There is tons of growth ahead

More distributors, more states, more flavors

Revenue has nowhere to go but vertical from here


Sleek

[bud_fox]

Don't be so sure of that balamidas. This has been the same problem with medico and vate for several long painful years. The chart always shapes up nicely, stock gets a little bump and poof it vanishes in no time. Shorts have controlled every single bit of the action here for years. This stock is a chartists and traders paradise. I sold when the macd crested and will buy back in the mid to high 3's. By then the handle will have dipped to another low and the golden cross will vanish as it always does. Wash, rinse, repeat with Medico. He's failed on this one. Hasn't released a real pr to the street in a year. Medico needs to stick his hand in his pocket and spend some money hiring a real marketing firm. I told him to reach out to Acosta which is not too far from his location. They specialize in beverage marketing and could take this over the top. Medico is an accountant that has 2 rtd cbd beverages out and continues to fail. Stock couldn't hold a gain with a crane. Be careful on this one and just trade the daylights out of it until medico steps up and proves himself to be a real ceo. He's clueless at this point. The guy just doesnt get it. Gltu