Canadian CANNAINVESTOR Magazine July / August 2017 - Page 188

Perhaps I should widen my horizons in terms of who I follow but I would say I have a decent grasp as to the play people are trying to make here. I write this not to offend people but to point out the fact that I follow and speak to many cannabis investors and this is one of the most crowded “ideas” I can think of. Below I have included Supreme’s weekly chart from their American ticker which has much more data on than the fresh Canadian one.

Supreme Pharmaceuticals (TSXV:FIRE)

Until the trend of lower lows and lower highs is reversed then I will continue to point out that we are in a downtrend here. Let me be clear in saying I have nothing against Supreme and like the people such as John Fowler who are in charge there. But as a charting guy, I can’t be too excited about the chart until we buck the downtrend.