RMRK by Acqua Cannabis

5 ก.พ. 2019

In general, there have been no surprises, the pullback has been made and apparently begins a rise in price, slow but sustainable, hopefully the theory of Fibonaci work in this opportunity. In the daily chart you can see a bullish movement, if we observe the minimum price that shows each pullback or previous pullback, we see that each minimum price has been higher than the previous one, for the last 30 days, B> A, C> B , D> C, Although this does not guarantee a trend, we can think that something has happened that the Range is getting higher, today it moved between 0.0009 ~ 0.0010. In my opinion, this is due to the announcements of Acqua Cannabis, a subsidiary of RMRK, which shows certain aspects of production and sales contracts to companies that are also co-listed on the stock exchange, giving a more secure view, showing the seriousness of the real development. The jumps in extraordinary growth sometimes scares me, I prefer those gradual but sustainable rises, it's the way to get very far, that's what I think of RMRK. We may see a setback, I would not be surprised, because the Stockastic is entering the overbought area, but analyzing the movements within the Bollinger Band there is room to retreat without this meaning a permanent descent. We will continue to watch my favorite Penny Stock.