THC the hydroponics company limited

THC technical analysis - EGM

  1. 681 Posts.
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    Feels like it's all coming to a head.

    The gap between 52c and 56c will have the bottom bollinger band and the resistance at 60c in support, which, could mean that we may see a quick touch there and a bounce back outside of the triangle.

    A longer trend line would then appear and provide long term support as the SP shoots back up towards $1 , since the sell side should be very thin given the oversold indicators.

    You can see also volumes are very low, which is a good sign, this isn't a long term trend change.

    Didn't draw the trend line very precisely but that's the gist of it. You'd want future price action to stay above it.

    Quick job anyway. Do your research, this EGM is a good thing and I think this is close to the end of the downswing.

    Obviously, only my opinion. Do your research and enjoy investing in this wonderfully disruptive industry. The fact it's not mature yet, is exactly why the returns should be very nice. This is still risky. thc march.JPG
 
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