Long
Zenabis, huge opportunities for the future!
Hey,
Zenabis is probably my favourite company, they have facilites that are very big and when they get their licences they will be a big player in the cannabis sector.
The reason Zenabis has been going down and in my opinion has found the bottom at the 1 CAD range is because their former CEO is selling shares, he holded 10% of zenabis shares. Getting Zenabis at these prices is a HUGE deal in my opinion, Zenabis did close strong this friday and could be heading up BUT if you want to be on the safe side you could wait for the indicators to give you green light because the CEO has more shares left that he probably will continue to sell so we are not really out from the woods yet but like I said. I believe that around 1 CAD is Zenabis bottom and if you want to play the safe play then wait for the indicators to give you green light.
I am also pretty new here and are more looking at the fundamentals but these stocks could be used in swing trading and day trading because this sector is very volatile.TSX:ZENA
Peace!
Zenabis is probably my favourite company, they have facilites that are very big and when they get their licences they will be a big player in the cannabis sector.
The reason Zenabis has been going down and in my opinion has found the bottom at the 1 CAD range is because their former CEO is selling shares, he holded 10% of zenabis shares. Getting Zenabis at these prices is a HUGE deal in my opinion, Zenabis did close strong this friday and could be heading up BUT if you want to be on the safe side you could wait for the indicators to give you green light because the CEO has more shares left that he probably will continue to sell so we are not really out from the woods yet but like I said. I believe that around 1 CAD is Zenabis bottom and if you want to play the safe play then wait for the indicators to give you green light.
I am also pretty new here and are more looking at the fundamentals but these stocks could be used in swing trading and day trading because this sector is very volatile.TSX:ZENA
Peace!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.