$GCGX 0019 on radar! "The bear market in the CBD a
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Posted On: 05/15/2020 9:01:23 AM
$GCGX 0019 on radar! "The bear market in the CBD and Cannabis space has been brutal. Epically brutal. We’re talking a total wipeout. We have seen most of the companies in the space go under and disappear.
But that’s also what makes it one of the most remarkable opportunities current investors may ever come across because, while supply in the space has cratered, the demand curve has remained completely intact – in fact, recent evidence suggests it has accelerated, as cannabis pricing starts to ramp higher according to cannabisbenchmarks.com data.
In essence, we saw a gigantic swing from oversupply to undersupply, with the first big whiff of undersupply coming this summer as outdoor growers are no longer in harvest mode until the autumn.
This defines the backdrop for the survivors. And the survivors of a major bear market are often set to thrive. Imagine a forest of trees competing for precious sunlight hitting the canopy and precious water and nutrients in the soil. Now imagine a lightning storm that takes out 75% of the trees. The remaining survivors would suddenly face a surplus of nutrients, water, and sunlight and the unhindered ability to grow at breakneck speed.
Such is the case for the survivors in the cannabis, hemp, and CBD space. And one of the most interesting names in that space is Global Consortium Inc. (OTCMKTS:GCGX).
This stock is particularly interesting right now because it’s at a cusp. We love “cusps”. They often represent the most interesting opportunities because the micro-level context is set to change. In this case, the context is set to change from “potential” to “actual”, which is the most important shift to spot in the evolution of any stock.
The chart supports this idea as well, with a series of improving RSI Bullish Divergence events defining a supportive base that appears to represent some strong-handed accumulation likely ahead of tangible revenue growth from coming operations for the company, which makes sense as it secures needed permits to secure next-phase growth."
But that’s also what makes it one of the most remarkable opportunities current investors may ever come across because, while supply in the space has cratered, the demand curve has remained completely intact – in fact, recent evidence suggests it has accelerated, as cannabis pricing starts to ramp higher according to cannabisbenchmarks.com data.
In essence, we saw a gigantic swing from oversupply to undersupply, with the first big whiff of undersupply coming this summer as outdoor growers are no longer in harvest mode until the autumn.
This defines the backdrop for the survivors. And the survivors of a major bear market are often set to thrive. Imagine a forest of trees competing for precious sunlight hitting the canopy and precious water and nutrients in the soil. Now imagine a lightning storm that takes out 75% of the trees. The remaining survivors would suddenly face a surplus of nutrients, water, and sunlight and the unhindered ability to grow at breakneck speed.
Such is the case for the survivors in the cannabis, hemp, and CBD space. And one of the most interesting names in that space is Global Consortium Inc. (OTCMKTS:GCGX).
This stock is particularly interesting right now because it’s at a cusp. We love “cusps”. They often represent the most interesting opportunities because the micro-level context is set to change. In this case, the context is set to change from “potential” to “actual”, which is the most important shift to spot in the evolution of any stock.
The chart supports this idea as well, with a series of improving RSI Bullish Divergence events defining a supportive base that appears to represent some strong-handed accumulation likely ahead of tangible revenue growth from coming operations for the company, which makes sense as it secures needed permits to secure next-phase growth."
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