HEXO Good Time to Buy?!?
Hello everyone! I'm fairly new to posting TA and we'll see where this goes. I try to keep my TA simple by using Trend Lines and watching the RSI.
One of my coworkers has been raving about HEXO for a few months now. I've been watching and kept telling him HEXO is a on a strong downtrend and I'd buy after HEXO breaks through this downtrend. As of August 8th it looks like we may have broken through this downtrend and we are currently working on a positive uptrend. I finally bought in at 4.58 I have alerts set for when HEXO goes below my green uptrend line; I'll update my trend line as HEXO matures.
I read on CNNMoney that HEXO is a buy and their analyst are giving HEXO a range of a low at 5.78 and a high of 10.60 and a median of 7.97 over the next year.
This is a long term investment and it seems promising.
One of my coworkers has been raving about HEXO for a few months now. I've been watching and kept telling him HEXO is a on a strong downtrend and I'd buy after HEXO breaks through this downtrend. As of August 8th it looks like we may have broken through this downtrend and we are currently working on a positive uptrend. I finally bought in at 4.58 I have alerts set for when HEXO goes below my green uptrend line; I'll update my trend line as HEXO matures.
I read on CNNMoney that HEXO is a buy and their analyst are giving HEXO a range of a low at 5.78 and a high of 10.60 and a median of 7.97 over the next year.
This is a long term investment and it seems promising.
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