The Green Organic Dutchman (TGODF)

Screenshot-2018-10-17-at-8.37.55-AM-300x159 Cannabis Stock Price Analysis: The Green Organic Dutchman

For a stock that looked for a moment like it was taking off, it’s hard not to say that the price action looks exceedingly bearish. With a clear downtrend setup starting at (1), the support level at (2) is critical, as breaking below this range sees no technical support other than the 2.80 range where TGODF was trading when it first went public. A break above (3) would signal a potential trend change or reversal.

 


The risk of loss in the trading of stocks, options, futures, forex, foreign equities, and bonds can be substantial and is not suitable for all investors. Trading on margin or the use of leverage is not suitable for all investors and losses exceeding your initial deposit is possible. Supporting documentation is available upon request. Trading futures, options on futures, and FX involves substantial risk of loss and is not suitable for all investors. Carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources and only risk capital should be used. Opinions, market data, and recommendations are subject to change at any time. The lower the margin used the higher the leverage and therefore increases your risk. Past performance is not necessarily indicative of future results.