NUMI.V - New major player in the hot psychedelics sector
Updated
NUMI.V is one of the more legit entries into the psychedelics space with a controlled substance license and healing centre in Vancouver. Roughly 34M shares trading atm with the rest locked up for the foreseeable future. Good action today, forming the base around $1 with VWAP of $1.08. Expecting further appreciation in the coming days before it pauses for consolidation.
Top volume on TSX-V today. Many brokerages did not have it available for trading, so there will be new buyers lining up tomorrow and Friday. $2 is a realistic near-term target, in my opinion, given the hot sector and promotion.
Top volume on TSX-V today. Many brokerages did not have it available for trading, so there will be new buyers lining up tomorrow and Friday. $2 is a realistic near-term target, in my opinion, given the hot sector and promotion.
Note
Re-tested .80 support today for a double bottom on the daily chart. Some sizeable buys near the end of trading day. I loaded up at .82. Expecting a better week coming up.Trade closed: stop reached
Ended up stopping out. It looks like IPO paper is still being unloaded. Will revisit once the dust settles.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.