HEXO had a huge breakout on big bull volume late Friday, and only has three resistances from here - High of Friday 8.85, 8.95, and all time high 9.09. The day ended with the bulls trying to form an hourly bull flag.
I'm personally looking for a backtest of either the daily breakout level 8.64, or the hourly level 8.55, which will be must hold levels if the bulls hope to consolidate in a healthy manner and continue upwards to test all time highs.
Right now, this is the strongest chart in the sector, but the bulls will need CGC to cooperate in order to see any continuation from a very significant daily bull break. All time high is less than 4% away!
I'm personally looking for a backtest of either the daily breakout level 8.64, or the hourly level 8.55, which will be must hold levels if the bulls hope to consolidate in a healthy manner and continue upwards to test all time highs.
Right now, this is the strongest chart in the sector, but the bulls will need CGC to cooperate in order to see any continuation from a very significant daily bull break. All time high is less than 4% away!