Rocky Mountain High Brands, Inc. (RMHB) has fallen more than 23% since Technical420 created a small position in the company ($315 invested initially) and we continue to monitor the shares for a bottom. Although RMHB has announced a number of important developments in the last month, market sentiment remains weak and we are keeping an eye on this trend.
RMHB is trading at its $0.04 support level after the shares fell 6.3% on Friday. RMHB came off of its lows and the shares found support at $0.0375. Momentum has continued to move lower as RMHB nears oversold territory and we will keep you updated on any buy opportunities. Technical420 plans to add to its position on further weakness. Stay tuned!