Todays close was just under the SMA50 with resistance at
Todays close was just under the SMA50 with resistance at both the SMA100, SMA20, and SMA100, MACD showing MMs stirring the pot at the end of the day (no pun intended) as shares at new (recent) lows were quickly bought up. We may see more stirring the pot tomorrow as MM's again start selling blocks of shares to test retail buying strength. We may still see a buying opportunity at just over the SMA200 which currently includes trendline support at .0415.
Personally, I am placing a GTC Limit order at .0425 and will monitor price action to adjust if needed (on significant news/volume). If price action does cause PPS to drop close to the SMA200 expect a bounce to .0557
If licensing does not occur within 30-45 days then next support level is .031 (I think this is possible, but unlikely to occur and will only happen if MM's decide to sell of large blocks of formerly restricted shares pre-license. This seems unlikely (at present) because .055 - .06 currently seems to be a baseline targeted liquidity range for MM's/Insiders but watch for large block sales just in case.
Ultimately,IMO this stock will be huge, the best strategy is to buy as low as possible then sell a percentage after license taking in some profits but keep a core holding (in case of a run up) and be prepared to continue accumulating when you see large blocks being sold by MM's.
Repeat process....
Just my opinions and personal strategy here. I also "value buy" other stocks mostly because the license itself will become highly valuable as time goes by. For companies that do hold a license , the issuing party (HC) will become more bogged down, have more stringent guidelines, more regulations, etc and ultimately issue fewer and fewer licenses.
As time goes on bigger players will wait for favorable regulations then will desperately want a license and be willing to pay to get it. Just the way licensing tends to works and especially with a high profit, fast turnover, renewable cash crop in a multi-billion sector.
It's going to happen. There is just to much money involved to keep companies like Phillip Morris and others out of the mmj business.
Creative Edge Nutrition Inc. (FITX) Stock Research Links
Scroll down for more posts ▼
Top 10 Most Recent News Articles
Creators and Corporates Collide Imagine this: an NYC stage not adorned with Broadway's finest, but with digital maestros steering a new age in social commerce. That's what Later is betting on with their Creator Live summit, debuting in the bustling heart of New York City. We're talking about influencers not just as Instagram stars, but as key players in a $480 billion...
Continue Reading
Location, Location, Location: Banner Insights Picking a banner isn't just a quick snap decision. You got to think big, and location is a starting line. Adam Norsworthy from Minuteman Press underscores that understanding how and where this piece of publicity will hang matters more than you might guess. Outdoor or indoor isn't just a weather question; it's a matter of...
Continue Reading
CVRx in the Crosshairs: Legal and Operational Woes There's a storm brewing over at CVRx, Inc. (NASDAQ: CVRX), and it's pulling investors down a hell of a financial rabbit hole. You might think you're in the clear with a company like CVRx that boasts approved devices, but think again. Recent revelations have shown that even those with FDA stamps aren't immune to the...
Continue Reading
A Simpler Way to Bridge the Mac and Windows World Seems like Parallels Desktop is once again flexing its muscles for Mac users in 2026. Expert Consumers out of New York just gave them the thumbs-up as the go-to pick for folks wanting to hitch their Mac wagon to Windows 11. And why not? Parallels lets you take a stroll through Windows land without cutting your Mac ties. A...
Continue Reading
Eyes on the $497.2 Billion Cosmetics Prize There's a new game in town, and it’s painted with pastels and scented with the allure of growth. That’s right—cosmetics, my friend. We're talking a market that’s tipped to hit the $497.2 billion mark by 2031. That’s from a cool $348 billion in 2026, shooting up at a respectable 7.4% CAGR. Now, the usual culprits drive...
Continue Reading
Revolutionizing Seafood Logistics with Kargo You'd think managing seafood shipments would be a simpler gig than charting ocean routes, but think again. Northern Wind, a major player in seafood processing, just proved the power of tech in an old-school business by partnering with a slick AI outfit called Kargo. Their facility in New Bedford, Massachusetts now magically...
Continue Reading
An Icon in Cannabis Culture Hits the Stage When you mix business with pleasure, you get something like what MJBizCon's cooking up this year. Wiz Khalifa, the man with a knack for turning passion into profit, is jumping onto the stage—not just as a performer, but also as a keynote speaker. On December 2, attendees are in for a treat as he steps into a new spotlight at...
Continue Reading
Northern Nevada's New Name in Dermatology Take a stroll down Ion Drive in Sparks, and you'll find a fresh face in town—and we're not talking about a new coffee shop. Nope, it's something with a lot more skin in the game. Golden State Dermatology (GSD) is setting up shop at 5070 Ion Drive, Suite 201, and the doors are wide open for locals seeking dermatological care. A...
Continue Reading
Rethink ADHD Accommodations When it comes to ADHD, everyone ties the classic school accommodations to success. You give kids extra time, a quieter spot, and regular breaks, and you figure that's the magic formula, right? Well, hold onto your hats, because a fresh study out of Florida International University is flipping that script. Turns out, all those accommodations we...
Continue Reading
A Familiar Energy Terrain Shifts When Greenland Energy Company (NASDAQ:GLND) threw down the gauntlet by announcing their maneuver to scoop up 80 Mile plc, it wasn't just another day in the boardroom. It's a classic case of one strong entity eyeing consolidation to drill deeper, not just in the wells, but into the market psyche. The proposed all-share acquisition paves the...
Continue Reading
Top 5 Most Recently Viewed Articles
The Evolving Landscape of Online Casinos in Canada The online casino scene in Canada is undergoing a dynamic transformation. As we look toward 2025, innovations are shaping the way players experience gaming, focusing on convenience, security, and player engagement. Recent studies highlight a growing expectation for casinos to not only offer diverse games but also excel in...
Continue Reading
Investors Watch: The Marex Group plc Securities Fraud Class Action Investors, there's a significant opportunity unfolding regarding Marex Group plc (NASDAQ: MRX). If you purchased securities of Marex Group between specific dates, you might be eligible for compensation. This class action aims to address the securities fraud tied to the company's activities during that...
Continue Reading
At the World Liberty Forum in Mar-a-Lago, Brian Armstrong, CEO of Coinbase (NASDAQ:COIN), joined Senator Bernie Moreno (R-Ohio) to dig into the evolving landscape of U.S. crypto regulation, stablecoins, and Bitcoin's long-term outlook. "Bitcoin Is Just Getting Started" Moreno confidently declared that Bitcoin (CRYPTO: BTC) is just warming up, stating he’d rather plunk...
Continue Reading
Transforming Overdose Prevention with NALCAM In a significant step toward enhancing community health, The Wright Center for Community Health has embarked on an innovative partnership with Contingency Management Innovations. Together, they are piloting an initiative focused on NALCAM, an exciting digital platform aimed at encouraging individuals to carry and effectively...
Continue Reading
Nigerian Physician Advocates Rally for J-1 Visa Fix The Nigerian Physician Advocacy Group (NPAG) is spearheading an urgent two-day Advocacy & Lobby Day. This important event will take place on Capitol Hill, focusing on the critical role that Nigerian American physicians play in alleviating healthcare disparities across the nation. NPAG will advocate for significant...
Continue Reading
