Emerald Health Therapeutics Inc. (TSXV:EMH)
Emerald has a lot of positives as I noted on the daily chart and I am certainly paying close attention to them and tweeted out an alert on my personal twitter page when they were on their 200-day moving average. However, despite the positive divergences on the daily, we still need a higher high to really start to get bullish again. So far resistance is around $1.28-$1.30. Until we see that higher high the stock could go anywhere. As you’ll see with the weekly chart below, the overall long term trend is down until we see positive long term divergences. The company announced news of a new JV partnership and a large greenhouse to come from it. This news like most news in the industry this year was a chance to “sell the pop” and buy the subsequent “dip”.
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