Replies to post #57832 on Resonate Blends Inc (KOAN)

[MrGambini]

But I don’t believe it will go lower than .0000, that seems fair value..

[Toronto_Trader]

I can see from the daily and weekly chart that $KOAN has been in accumulatin mode since around March 23, 2020 in the short term and from September 10, 2019 in the medium term.

1 YEAR CHARTS:

Daily:


Weekly:


You can also see positive divergence of the stock on both charts.

I assume what happened is long-term traders waited a couple of weeks until the flippers who were expecting news burned out and dumped their stock.

There's consistent trading volume 24k daily (10 day average) & 20k daily (30 day average) without the company releasing updates weekly --- just like what happens in a Big Board stock.

$KOAN