HEXO has moved passed the 1:1 Fibonacci extension with impulse having formed a continuation pattern that should see it hit the long term 1:1618 fib at $0.06 and probably also overshoot to 1:1 mid range fib at $0.03.
If it gets there i'll be looking to sell LEAP puts in high IV and/or buy the stock.
If it did bounce in that area then likely will see at least a 0.382 reversal which would take it back up to the long term 1:1 fib and resistance at 0.45.
Monthly RSI to perhaps touch the lower band.
Not shorting.
Not advice.
If it gets there i'll be looking to sell LEAP puts in high IV and/or buy the stock.
If it did bounce in that area then likely will see at least a 0.382 reversal which would take it back up to the long term 1:1 fib and resistance at 0.45.
Monthly RSI to perhaps touch the lower band.
Not shorting.
Not advice.
Next video Saturday 22 June😼.
Hodlers assume an obvious next wave up but will there be a sting in the tail💀.
Deep analysis - I keep the juicy details for my clients.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
Hodlers assume an obvious next wave up but will there be a sting in the tail💀.
Deep analysis - I keep the juicy details for my clients.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35