Organigram looking a bit weak but oversold

23 באוק׳ 2018

Organigram is looking weak but looking for a bounce. We are currently holding a trendline that dates back to April 10, we broke through it the last hour of trading today but we did close above. Looking for this to break , there is not much freshness left . The RSI still has a little room to run down , so does the stoch. There is an RSI of 35, the last time we were in this oversold area it was june 21st at a price of $3.26 we then ran up 88% to $5.87 on June 21 . We then were in this oversold area on july 18/2018 at a price of $4.25 we then ran up just over 100% to a price of $8.55 (our most recent top). These bounce targets all depend on how the S&P 500 does , if it does shitty dont expect a bounce just blood in the streets then sideways action .