$STMH follow-up, potentially explosive setup***Linked below: I drew $STMH as a wedge breakout back on 1/26/21
***Linked below: a repeating breakout pattern I've noticed recently in some big movers
Revisiting the $STMH chart, I believe how I've drawn it here is a much better way to visualize it. I noticed this ascending triangle/multiple 'loop' pattern breakout in some high flyers, and what $STMH is doing looks a lot like it. Combine the pattern with the turning of prior $0.60 resistance into support, the surge in volume, and knowing that weed stocks have all taken off, I'd say $STMH is setting up for a big, big move higher.
STMH trade ideas
$STMH micro cap reefer madnessI know $GME is sucking all the air out of the room, but $STMH is just a $44 mil mkt cap California based weed stock, they've made an acquisition to focus on delivery. The past 2 weeks of trading have had the highest volume days in the stock EVER, just as it's breaking out of a wedge from all time lows. I have a feeling this is going to be a big reversal and I expect to see $1.00 within the next week of trading.
***I am long $STMH***
Stem Holdings Spikes On Ex HAIN CMO joining the company. BOCA RATON, Fla.--(BUSINESS WIRE)--
Ellen B. Deutsch is a 20-year business veteran and former Chief Growth Officer and Chief Marketing Officer at The Hain Celestial Group, Inc. (HAIN)
Ms. Deutsch will spearhead operations, strategic development, and market leadership following a series of recent acquisition and partnership announcements
Stem Holdings, Inc. (OTCQX: STMH CSE: STEM), (the “Company” or “Stem”), a leading vertically-integrated cannabis company with state-of-the-art cultivation, processing, extraction, distribution, and retail, and operations, is pleased to announce the appointment of Ellen B. Deutsch as Executive Vice President and Chief Operating Officer. Ms. Deutsch will oversee all the operations for driving revenue and efficiency across all of its various business segments including cultivation, production, distribution and retail.
Ms. Deutsch brings to Stem more than 20 years of senior leadership experience where she was most recently a Senior Vice President and Chief Marketing Officer at The Hain Celestial Group, Inc. (HAIN), a leading natural and organic food and personal care products company in North America, Europe, and India. During her more than 20 years at Hain, Ms. Deutsch also held a variety of senior leadership executive roles, including SVP/Global Technical Services and Chief Sustainability Officer, and SVP/Strategic Planning and Customer Satisfaction, and SVP/Global Marketing and Sales, during which time she led numerous business teams and functional areas, identified and integrated acquisitions, and created the Company’s technical and corporate social responsibility platforms. Ms. Deutsch holds both her BBA and MBA degrees from Hofstra University’s Frank G. Zarb School of Business.
“We are delighted to welcome Ellen to Stem Holdings,” said Mr. Adam Berk, Chief Executive Officer of Stem. “She possesses extensive leadership experience, multi-dimensional skills, and a proven track-record of execution in delivering profitable growth. She is a great addition to the team, and we look forward to leveraging her expertise at a time where we are growing and becoming a truly vertically integrated Company in one of the largest emerging industries. Our focus will be to continue to execute our business plan and drive continued strategic growth and shareholder value.”