Cannabix Technologies Inc. (OTC: BLOZF)
Cannabix is quite clearly in a downtrend in my opinion having just lost it’s 200 day moving average and forming a series of “lower lows” which is not good for anyone unless you are short the stock. One thing I like to look for in these situations where a stock is flirting with it’s 200 day moving average is insiders willing to step in and buy the stock. As you will see in the charts below, we have yet to see an insider come in and buy at these levels, in fact we’ve mostly seen one insider selling shares throughout April and May (please note the prices seen below are in Canadian Dollars).
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