Cann Group Limited

December 10, 2020 - 4 months ago
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Technical outlook – Examining the technical structure Cann Group Limited (CAN), we have noticed that there are many positive takeaways from the broader technical pattern (monthly) or more to the point the primary assessment.

Based on the leading indicators, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) pattern, we believe this share is likely to experience around of bullish momentum which should ignite a move towards the recent highs of $1.50-55. Reassess from there.

Company Overview – Cann Group Limited (CAN) is involved in the cultivation of medicinal cannabis for both medicinal and research purposes according to the licences and permits issued to the Company; the development and manufacture (via third party arrangements) of finished product formulations; and the pursuit and execution of various supply and offtake agreements with third parties.

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