CANN GROUP Signal Update Our system’s recommendation today is to...

CANN GROUP
Signal Update
Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 04/02/2021, 6 days ago, when the stock price was 0.6750. Since then CAN.AX has risen by +33.33%.
Market Outlook
The bulls are in full control. The negative sentiment that led to the last bearish pattern has evaporated. Besides, the signal is suggesting to STAY LONG. It is best to follow the signal and continue to hold this security. https://www.aussiebulls.com/SignalPage.aspx?lang=en&Ticker=CAN.AX


https://www.marketscreener.com/quote/stock/CANN-GROUP-LIMITED-34771432/charts/


SIMPLY WALL ST


CAN SP has breached the 20, 50 and 100 day moving averages, great days ahead it seems.
Aussiebulls and Marketscreen all seem very very bullish on this stock, additionally ** ST has CAN.asx classified as substantially undervalued at 90 cents and sees it near the 5 dollar mark.

Glad i got into this stock some time ago now. We might see a multi bagger here as we have breached the resistance of 83 cents without any issues. Sellers all appear to be dissapeaing and i think we might see a change in the substantial holding as someone is purchasing some substantial amounts in the last few days especially at the end of the day. At a market cap of 240 million this places us within the ASXtop 300, allowing pension funds and others to jump in, this might be a reason why some are loading up with shares now as it will rally even further once its part of an ETF.

General advice only!!
Stay safe and do your own research!!