Long
SCU:ASX STOCK ANALYSIS
STOCK PICK OF THE WEEK SCU:ASX
Key Takeaways:
Stemcell United owns 51% of YUNNAN HUA FANG INDUSTRIAL HEMP CO.
The Chinese market has immense growth potential.
The company's appointment of Paul Rosen is a strong indicator of incoming activity on the Cannabis/Hemp sector. Paul is a mover and shaker on the global Cannabis scene. He is the go-to guy in the Cannabis investment scene for commercialisation in the sector.
He co-founded PharmaCan Capital (now The Cronos Group) as a vehicle for investment into the sector. He is a visionary and was way ahead of the curve back in 2012. Altira Group purchased a US $1.8 billion stake in Cronos Group back in 2019. Cronos Group acts as an incubator and commercia
The Cronos Group sits at $15 a share as of 21/2/21 which is obviously in the same sector, SCU is currently trading at 3 cents a share I believe there is A HUGE upside potential for this stock, seeing the volume and price action of weekly chart this may be the possible beginning of a bull run for this stock.
A SAFE TAKE PROFIT FROM MY OPINION OF LOOKING AT THIS CHART WOULD BE 5-6 CENTS A SHARE AND A POSSIBLE NEXT TAKE PROFIT AFTER THAT FOR ME WOULD BE 10 CENTS, AS IT CAN POSSIBLY BE TESTED. ANYTHING ABOVE THAT WE WILL HAVE TO SEE HOW PRICE DEVELOPS AND SEE IF A BULLISH TREND CAN BE ESTABLISHED.
AN IDEAL ENTRY WOULD BE AT CURRENT MARKET PRICE OF 0.032 CENTS
Key Takeaways:
Stemcell United owns 51% of YUNNAN HUA FANG INDUSTRIAL HEMP CO.
The Chinese market has immense growth potential.
The company's appointment of Paul Rosen is a strong indicator of incoming activity on the Cannabis/Hemp sector. Paul is a mover and shaker on the global Cannabis scene. He is the go-to guy in the Cannabis investment scene for commercialisation in the sector.
He co-founded PharmaCan Capital (now The Cronos Group) as a vehicle for investment into the sector. He is a visionary and was way ahead of the curve back in 2012. Altira Group purchased a US $1.8 billion stake in Cronos Group back in 2019. Cronos Group acts as an incubator and commercia
The Cronos Group sits at $15 a share as of 21/2/21 which is obviously in the same sector, SCU is currently trading at 3 cents a share I believe there is A HUGE upside potential for this stock, seeing the volume and price action of weekly chart this may be the possible beginning of a bull run for this stock.
A SAFE TAKE PROFIT FROM MY OPINION OF LOOKING AT THIS CHART WOULD BE 5-6 CENTS A SHARE AND A POSSIBLE NEXT TAKE PROFIT AFTER THAT FOR ME WOULD BE 10 CENTS, AS IT CAN POSSIBLY BE TESTED. ANYTHING ABOVE THAT WE WILL HAVE TO SEE HOW PRICE DEVELOPS AND SEE IF A BULLISH TREND CAN BE ESTABLISHED.
AN IDEAL ENTRY WOULD BE AT CURRENT MARKET PRICE OF 0.032 CENTS
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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.