LHSIF (OTC)Nearing the end of a consolidation that is typical to the cannabis stocks, also nearing a legislative tipping point in the USA. Look for a breakout after ballots are counted.
IF legislative changes take place in favor of recreational sales or even just medical sales, this will likely go on a run and be uplisted to the Nasdaq. (similar to what took place on GPVRF- Now GP)
IF legislative changes take place against cannabis, you can bet this will break down even further.
LHSIF
LHSIFThe marijuanna and CBD industry has been gaining some heat over the last week or so. Liberty Health has yet to break out of the falling wedge which has taken over 3 years to play out. I believe this a great R:R given the strength behind the possible upside push after forming this pattern over the years. My minimum TP given no drastic news on LHSIF is around $0.90. Will be buying down to around $0.22
Liberty is a high beta stock, so keep that in mind when positioning in your portfolio.
Liberty Health Sciences weathering the sector downtrendComparing the stock performances of familiar US MSO's to the SSO Liberty Health Sciences so far in 2020. LHS still holding a 7% gain with Curaleaf @ 3% even after the recent week of sector selling. Can't say the same for the majority of their peers though.
LHS breaking point.I've been watching LHS since February and it is quite a well behaved stock, often trading within a range making for quick profits.
As of today my position on LHS is neutral but I do see this company having its time again.
Using the YTD and 6mo time frames, I have diagnosed that LHS could see a potential
They come out with a new dispensary almost every month,
One pitfall I can see is their debt levels but those will be released hopefully this week.
I wouldn't take any position on LHS until their earnings are released.
LHS - Technical AnalysisDear Traders,
After a whopping 170% run, Liberty Health Sciences (LHSIF), Has started it's retracement, and in my opinion, it's not done retracing just yet.
If you look at the green circle you'll find a perfect entry. a bounce off of the 0.50fib level where the 55 ema and the 200 ema is located. If a bounce off takes place, there is also a chance that the 55 ema crosses the 200 ema which would be very bullish in our case.
What are your thoughts?
NEWS: technical420.com
About Liberty Health Sciences Inc:
Liberty Health Sciences Inc. manufactures and distributes medical cannabis. The Company cultivates and markets pharmaceutical grade marijuana. Liberty Health Sciences markets its products in the United States and Canada.
