I've done some macro TA on CAU and for me:Next major resistance...

I've done some macro TA on CAU and for me:

Next major resistance is 52.5c (red box) which is a 1.618 trend based fib extension
Worst case if markets nuke - major support (Green Box) is coming in at around the 16.5c level.

IMO though based on the order book, performance of the company, the merger, cash position etc - i don't see it coming back below 20-25c anytime soon.

Demand is clearly outweighing supply at this stage.

I was an early investor in CDA from 2018 and couldn't be happier with their performance to date
I shaved a tiny portion off to take out my initial investment (my equivalent purchase price is 4.4c). I Wont be selling a single share now for anything less than $1

Long term investor in Aussie Med Cannabis companies and no other publicly listed company even comes close to these guys right now. With regard to revenues and growth YoY

DYOR NFA