Closing VWAP 1.0339
Down 0.51%,
Closing price 1.03
Down 0.96%,
on 53,550 volume.
Last week's closing VWAP was uP 2.56% for the week
on a 5-day 454,166 total volume.
This week so far (3 days), the closing VWAP is uP a total of 5.06% on a 191,468 total volume.
Price dipped again today on low volume, boding well for future gains for bottom feeders.
The stalled next leg up continued it's stall on low volume today on news re:
*A bill regarding mj passed a House floor vote, going to Senate floor next. Good for Vets.
*Safe Banking action promised in July, postponed until autumn (a more likely time to compromise, with Sun in Libra, imo, and closer to the Dec. 2nd deadline).
*added clarity on the descheduling/rescheduling report deadline, Dec. 2nd, and
*a U.N. push for decriminalization of all drugs,
*among other things, like company refinancing news, and CEO interview talk, new Ohio dispensary, new Florida dispensaries, upcoming Q2 call set for August 17th...
Price closed above $1 again today on low volume, while the VWAP closed above $1 for the 3rd consecutive day after being below for 7 days in a row, and both generally may go sideways until August 17th Q2, imo.
The 200 DMA started to flatten a little a couple of weeks ago. If the price rises high enough, it will flatten more, then start to rise. If it starts to rise, and stays rising BEFORE and AS the 50 DMA crosses it from below, there is a very good chance of getting a technical Golden Cross, with resultant price boost...
The 50 DMA turned down today after flattening after a long rise...
Time will tell...
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