CGB 0.00% 2.1¢ cann global limited

CGB - 1.9c to 7.2c - What will happen in the next 6 months., page-12

  1. 3,105 Posts.
    lightbulb Created with Sketch. 353
    Going by that Analogy , we could be on the assumption that 26/8/19 @.023
    Could be the Cycle Bottom
    Let’s look at this at a different perspective
    QBL closed at .037 prior to its re listing scenario
    and a long suspension at that . Whether or not the company had gone through this ordeal of re compliance, it appeared based on Technicalities the SP was running out of GAS, so had a majority of MM stocks
    So to put this in a clear perspective and without all the Mumbo Jumbo
    QBL was also going to go into a correctional phase
    Then Comes Officially CGB re lists Friday 23/8/19
    Trading range of .028–.033
    So we have a gap down from QBL .037 to all time low CGB @ .023
    Assuming that’s the Anchor and the stock consolidates from here , then CGB on its next rally has that Gap to fill @ .033 - .037
    And resistance 4.1 - 4.5
    Wisdom in Hindsight and if QBL had not gone the avenue of re compliance
    What SP fluctuations would they have had in that 13 months
    Next few days will give me some foresight of what CGB are up too
 
watchlist Created with Sketch. Add CGB (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.