The 1.618 on a linear scale points @1k The 2.618 on a log scale points @1.21 wich we reached recently and bounced on. Would need further confirmations such as daily close over the 8 daily EMA and the 21 Weekly EMA. AKA My old analysis updated with reverse split price :)
If my count is correct we have completed the 3-3-5 flat correction completing the full corrective wave 2. Currently sitting oversold with some bullish divergence on the RSI and bouncing off long-term support. My only concern was the very deep correction almost near the fib 78.6 retracement of what I have labeled as wave 2. I'm currently holding a position with...
I think that HEXO is close to a bottom. 0.10$ possible aka 2.618 fib level possible as it coincides with a 1.618 projection of the AB segment. I think that HEXO would rally from there if it doesn't rally before.
Fib level point 59$ and we are actually in my favorite buy zone spot in between 1.272 and 1.618.
HEXO daily bear flag target of $0.40USD has been met using the log scale. I just filled my buy order that I had set at 0.40. We are also daily oversold and SPY hourly RSI is in the low teens. Expecting a big bounce in the broader market after Elon buying Twitter confirmed. Big move incoming for HEXO and MJ in my opinion!
Chart painting from the early 21st century, artist Maxi Scalibusa. No investment advice or a recommendation to buy or sell any securities. This is entertainment. Start 2.23 CAD
Merger Closes Q3 2021 Shareholders Proposal in August 2021 HEXO Acquires Redecan. www.globenewswire.com “Redecan’s unwavering focus on the consumer, along with lean operating principles and highly efficient automated manufacturing technology, have allowed us to establish a significant presence in the Canadian market,” said Redecan co-founder Will Montour....
TARGET = FIB To make the Scenario play out : Price got to get over 13.00 This is about to get serious. For more update in french : www.patreon.com www.youtube.com
Longs look good here and below green. Stops below white line. Targets above. THIS IS NOT FINANCIAL ADVICE. THIS IS RECORD KEEPING ONLY. DO NOT BLINDLY FOLLOW THIS TRADE.
Copied 2017 & 2018 patterns For this to happen, this needs to occur; 1) Hexo’s Q2 record gross revenue ~50M$ + positive EBITDA - earnings should be released around mid-march. 2) US banking and decriminalization by June 3) Canadian regs change to allow case quantity of Bev purchases - in Q3 2021
Democrats take control of the senate. The easiest past to legalization in America confirmed HEXO business analytics has been increasingly positive.
Hexo is sitting on support the morning before the yearly earnings report.
Hexo and pot industry looking for the potential pass of a decriminalization bill in the senate
Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current levels for buy.
HEXO road the 50MA all day today Just crossed the 9MA and about to cross the 20MA...does this mean we are about to see a breakout?? What we can say is that the rest of the MJ Stock Index is also in the same START position! Is this a "CALL" to action??
Do you see what we see? Trends are trends... But Flags are Golden.... Now which way?? Revenues up 30% Gross margins at 40% (which is excellent) Operating Expenses DOWN Expanded Partnership with Molson Coors to explore US CBD in CO..... All we can say is that when Revenues go up 30% from Quarter to Quarter... ya that is a positive for this stock!
Volume Spike Gap to Fill Around $3 200 EMA Above Passed Working Capital Test Passed Acid Ratio Test Recent PR BBs Squeezed Now Popping