It's been a while but PCLO still has great potential but even greater risk.
If you consider Pharmacielo being dragged in the mud by a sketchy shorter, that cancelled M&A and that class action lawsuit started by money hungry lawyers the company might look like it's in a bad shape. BUT the fundamentals still stand, no CBD is being produced that cheap anywhere else and management is still solid. While CBD is great and can still bring a lot of profits I think the company has to survive until it can produce actual THC cannabis, that's where the real money is. If that company is here in 5 to 10 years that 70 cents stock will be flirting with at least 100 USD (if the USD hasn't depreciated like the Zimbabwean dollar)
I do see a shy adam and eve pattern hinting at a trend reversal, the Bollinger bands are tightening and therefore a big move is to be expected. If you're buying I'd get a TIGHT stop loss with a take profit around 3 USD or just hold that possible gem for a few years and see where it takes you.
Best of luck and happy trading :-)
If you consider Pharmacielo being dragged in the mud by a sketchy shorter, that cancelled M&A and that class action lawsuit started by money hungry lawyers the company might look like it's in a bad shape. BUT the fundamentals still stand, no CBD is being produced that cheap anywhere else and management is still solid. While CBD is great and can still bring a lot of profits I think the company has to survive until it can produce actual THC cannabis, that's where the real money is. If that company is here in 5 to 10 years that 70 cents stock will be flirting with at least 100 USD (if the USD hasn't depreciated like the Zimbabwean dollar)
I do see a shy adam and eve pattern hinting at a trend reversal, the Bollinger bands are tightening and therefore a big move is to be expected. If you're buying I'd get a TIGHT stop loss with a take profit around 3 USD or just hold that possible gem for a few years and see where it takes you.
Best of luck and happy trading :-)