Global Hemp Group Bullish FlagVery well developed asset distribution inside this bullish flag. As you can see there has been some pretty good support and resistance for buyers as well as sellers. Once we broke below 15 cents it was a hard return to a mid September bottom.
I am looking for a "scoop" or another breakout of the flag. Long term buyer of this one if they keep doing whats working.
The green light for many will be "support" at .04 cents before we can get that impulse. OR a very strong breakout passing it with little corrective movement. Keep your options open as always, trade safely, take profits as you go, and wait for more bullish confirmation..seems we are close to something around the corner but this could take another 6 months..early stages still. True test comes should we survive another 5 years :)
Looking for a TP around 15 - 17 c
Entry around breakout of bull orders being accumulated at this price zone.
Take notice of how similar the patterns of the sentiment of the market shows from the 3 year pattern that was developing before the 2017 breakout.
History doesn't repeat itself but it sure does rhyme. Lot of work ahead of this group but a nicely developed structure here shows me there is a good path for Global Hemp Group.
Just look at the stalk of some of that hemp!!! :D Hey Oregon, can I swing over to your state for a bit?
www.globalhempgroup.com
Global Hemp Group Inc. (CSE: GHG) (OTC: GBHPF) (FRANKFURT: GHG), headquartered in Vancouver, British Columbia, Canada, with base operations in Montreal and Los Angele s, is a publicly traded company founded in 2014. The Company is focused on a multi-phased strategy to build a strong presence in the industrial hemp industry in both Canada and the United States . The first phase of this strategy is to develop hemp cultivation with the objective of extracting cannabinoids (CBD, CBG, CBN & CBC) and creating a near term revenue stream that will allow the Company to expand and develop successive phases of the strategy. The second phase of the plan will focus on the development of value-added industrial products utilizing the processing of the whole hemp plant, as envisioned in the Company’s Hemp Agro-Industrial Zone (HAIZ) strategy.
BOOM Lets make this industry shake a bit
