Long
HEXO Technical Analysis 06/04/2020
HEXO Short term is looking good for a potential move up to 15-18% from current price 73 Cents.
Reason :
1. On a daily chart, Current price is above 20/50 EMA.
2. MACD is above zero line
3. RSI is above the support line and bullish divergence.
Target :
TP1 : To retest the previous resistance at 87-88 cents.
Reason :
1. On a daily chart, Current price is above 20/50 EMA.
2. MACD is above zero line
3. RSI is above the support line and bullish divergence.
Target :
TP1 : To retest the previous resistance at 87-88 cents.
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