Geez, brutal day for Cannlabs, investors dumped shares on the market and there weren't too many buyers interested in picking them up which causes price to plunge. Negative outlook for the company may continue to
hammer the stock. We'll see if we hit bottom here and get some buyers to come in fishing for value. It looks like CANL may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. In addition to being near an angled support line CANL is near a moderate strength horizontal support line. This represents a potential pivot point where the price might find support and move upward. But it can also break through
this line in which case there might be a burst of selling on the other side. Momentum wise Cannlabs, hasn't been very high in either direction over the last 3 month. So hard to say what it will do here.
If the price bounces off of the support and moves up it'll probably head up to the $0.0002 level, at which point it may hit some selling pressure. If Cannlabs continues to break down lower from here, it'll likely fall until it gets to $1.0E-6 at which point previous buyers at this level may move in and give it support.
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
