Long
NUMI - Triangle formation - brace for breakout [30% potential]
Numi is a stock in the growing psychedelic space and is one of the companies leading the way to legalization.
You can see from the chart:
1. Cupholder formation
2. Triangle formation
3. Potential to breakout higher
You can see from the chart:
1. Cupholder formation
2. Triangle formation
3. Potential to breakout higher
Trade active
The support seems to have held. I picked up some shares as I saw the support was holding.
The stock is up 7.5% today at 3PM EST, possibly on account of a Yahoo Finance article being published this morning. I expect more news to pick up in the Psychedelics space in 2021 in general which is likely to drive prices higher. Let's see where things go.
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