Let's go again....and Fail again?
Stock is completing a triangle ABCDE Formation with Wave E bouncing at the 61,8 % Fibonacci lvl of Wave D.
Before that, the stock bounced of a second ATL, forming a bullish divergence on the RSI on it's way.
Now it is crucial to look for stock price reaction at the breakout.
Expect a breakout and retest at best.
Risk & Reward can be set very tight, since triangle is nearing its end formation
Fundamental:
Stock is about to release 2025 numbers. Considering the fact, that medical cannabis is somewhat legal to be obtained online, I expect a bump in growth for 2025.
Profitability should be reached in 2026 however according to the company, with 2025 just failing a net zero, after years of losses.
Legally:
Politically challenging times ahead, since online cannabis market, could be adressed by an ongoing reform.
Stock is completing a triangle ABCDE Formation with Wave E bouncing at the 61,8 % Fibonacci lvl of Wave D.
Before that, the stock bounced of a second ATL, forming a bullish divergence on the RSI on it's way.
Now it is crucial to look for stock price reaction at the breakout.
Expect a breakout and retest at best.
Risk & Reward can be set very tight, since triangle is nearing its end formation
Fundamental:
Stock is about to release 2025 numbers. Considering the fact, that medical cannabis is somewhat legal to be obtained online, I expect a bump in growth for 2025.
Profitability should be reached in 2026 however according to the company, with 2025 just failing a net zero, after years of losses.
Legally:
Politically challenging times ahead, since online cannabis market, could be adressed by an ongoing reform.
Trade attivo
it's getting interesting.... Wave E reached the bottom line of the triangle. SL just below ATL (blue line at 1,542 €)Ordine annullato
Synbiotic has evidently planned a drastic change of strategy: moving away from industrial hemp and a broad portfolio towards medical cannabis and imports. I believe this is the right approach. It is important that this is also supported by the shareholders. Without further dilution, growth will be difficult here. However, this means the risk of a political change in the law is high.
It seems that the only option here is to press ahead. Nevertheless, I expect share prices to rise.
This is primarily due to the current bullish momentum in US and Canadian cannabis shares.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.