Better Plant Science has been hot this past week and a half, now starting to cool off and finding support. The longer lower wicks are indicating buyers are coming back, this continues to close above the 50% fib retrace level and the 8ema. We have added to our technical spot light as we believe this move is just getting started.
DAILY
WEEKLY
Symbol: PLNT.c
Market Outlook: Taking a look at PLNT.c we’re seeing great volume come into this name in December, it put in a high of 0.255 and is now starting to see consolidation. Pulling back and holding the 50% fib retrace level, volume is starting to dry up indicating selling is slowing.
Support: $0.15
- 21sma – $0.11 (Daily)
- 61.8% fib – $0.135(Daily)
Resistance: $0.19 | $0.24 | $0.26
- Upper BB – $0.175
- Key Resistance – $0.29 (Weekly)
Technicals: We see PLNT continue to move sideways in the short term and anticipatie price action to stay above the 0.145 level, in the event PLNT closes under the 0.14-0.15 level the next area of support to watch for is in the 0.11 range. We are starting to see sell volume dry up which is a good indication we’re close to a bottom.
Sentiment: BULLISH
