Canadian CANNAINVESTOR Magazine August / September 2017 - Page 169


Lexaria Bioscience Corp (CSE:LXX)

The Lexaria weekly chart gives us a broader picture of what the stock is doing. Though the daily is looking quite well I am still somewhat hesitant to say this is for sure the bottom but we do see signs that are making me stop and take notice. For one, we are at a support level where we are testing the major breakout seen right at the end of last year, start of the new year. Stocks the breakout often come back and “test the breakout” and I think that is what Lexaria is doing. MACD is appearing to show signs of turning positive for the first time in months. This is definitely a chart worth keeping an eye on.