BCAN trade ideas
BCAN penny stock microcap combining AI and Cannabis LONGBCAN is a microcap in the AI serving the cannabis industry. It's software is patent protected.
It is currently trading at less than 25% of its all time high and has a history of volatile spikes.
This is a low float stock with insiders holding significant positions.
On the one hour chart, in the past couple of days, price has descended from the POC line of
the volume profile down to sit on top of the demand zone as shown by the LuxAlgo indicator.
The Wycoff volume oscillator shows the corresponding selling volume dominating over
buying volume.
I see this as a long trade with targets of the POC line and the top of the high volume
area of the volume profile. The overall profit of about 17-18% . The stop loss is set at
5% below the entry in the demand zone.
