HCMC update!This idea is also including my technicals from my old idea.
So HCMC has already left the bearish channel.
Then we saw a nice pump to 0.0020, which was my PT.
Then we saw a gap-filling.
Which is normal and healthful.
We have already made nice support at 0.0015.
We need to make another support level at 0.002.
Right now almost all OTC market is green... This shows how manipulated market it was...
I am expecting a movement up until we have some bigger news about the lawsuit against PM.
If you wanna know anything about this lawsuit, feel free to ask me or read it at my old idea.
Don't worry, I will keep you updated here as well!!!
Hcmcpm
HCMC possible moves??HCMC has been tanking down recently... even tho there was a lot of bullish news.
What I am seeing is bullish flax that just needs to be broken!!
HCMC hasn't been acting technically... this might change...
There is some news that HCMC´s outstanding shares were reduced but we have to wait till Monday for the OTC market update.
If this is true We can expect a huge movement up...
If we can open above 0.0012 on Monday and close at least at the same level... it could also mean a bullish sign and we could see some buying momentum.
All we can say now is to wait... HCMC has great potential even without the lawsuit against PM... But a win in this lawsuit would just make things go faster...
I am still bullish in a long term... which means months or years...
In a short term, I expect a move up to 0.002 or move down to 0.009.
All the fundamentals of this company can be seen in my YT playlist linked below.
YT playlist: youtube.com
What is coming next.Technical
HCMC is forming a bigger or smaller triangle. Which could lead us to 0.0028-30 but also to 0.0009...
HCMC seems extremely oversold so logically it should move up if there is some buying pressure.
In my opinion, HCMC doesn't seem like respecting technicals. So yes.. technicals are pretty bullish...
But we could as well consolidate at 0.001-0.0015 for a while and wait for the next earning or some big news..
Fundamentals
So as we all know, HCMC is in a lawsuit with Philip Morris. - neutral
However, this can take even years to finish...
HCMC also hit the earning pretty right. - Bullish
Also as we could see last Friday, HCMC lawyers did a really great job.
We still have to wait for PM's response. The deadline is on the 16th of April.
Me personally, I'm not counting on the lawsuit 100%, I also believe that HCMC has great potential.
Earning in Q2 might be crucial.
Lawsuit
If any of you wanna learn anything about HCMC and PM lawsuit I can 100% recommend you this YouTube channel "Go green investing".