After a year long bear move the bulls showed up to pump HEXO over 100% in a few days. I think today's 35% pullback from the recent high presents a good opportunity to enter if you didn't get a chance to on the first move up. Other cannabis names are starting to see impressive moves to the upside which may help shift mid-term sentiment from bearish to bullish. Current market conditions seem very uncertain with COVID fears lingering but I can't ignore what the chart is currently indicating for HEXO. The stop-level gap is wider than I'd prefer but I like my odds on HEXO heading into earnings.
Entry: $ .5299
Target 1: $1.00
Target2: $1.50
Entry: $ .5299
Target 1: $1.00
Target2: $1.50