OK late night update:
What's happening had me redraw the long term -indicators- let's call them that.
My main finding is that I see 7.0c also as a possibility for this month (and October is also possible)... Now to those saying $1... Realise this is a big swing 2.3c to 7.0c in a month or 2.
I have a very specific -convergence- of things coming at 7.0c that usually indicate a key point. (For those who are curious, none of those indicators appear automatically, they have to be drawn with precision, and it can take up to an hour sometimes...)
If that happens, then by November you'll be lucky to catch anything below 5.0c, and this will be the new bottom, the -indicators- are very strong.
That means another announcement, a significant one, is coming. Or an institution is coming on board. Something SIGNIFICANT is on the cards.
Not sure what CGB is cooking, but the market is smelling something.
Good luck to all. I'm surprised at the volatility, but then again, that's what I put in my original post, there won't be that much on sale with that float, which will increase volatility.
Given the runs of other Hemp companies on the ASX, it is very likely CGB will gain some traction with another big news.
So forget about buying at 1.9c/2.0c, I don't think this is happening anymore, the action over 3.5c has to be respected. it'll be hard to watch for those who tried to pick a bottom, without having the charting skills.
My thanks to management in advance for the NEXT ann. Market tells me it's going to be a big one and it's this month or October. 170/180 Mcap.
Will have to be a multi million dollar deal, I think we have something with a big Aussie Retailer coming. Hemp oil coming to a store near you? If I had to guess it'd be that. It's long overdue. White label organic hemp oil? or a chinese deal (with those US tarriffs and that low AUD, it makes sense).
Buckle up.
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