Technical outlook – Examining the technical structure Cann Group Limited (CAN), we have noticed that there are many positive takeaways from the technical pattern.
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 $0.80-90. Reassess from there.
The bullish foundations are viewed from $0.38-42.
Company Overview – Cann Group Limited (CAN) is the first Australian company focused on breeding, cultivating and manufacturing medicinal cannabis for sale and use within Australia.
The company has established research and cultivation facilities in Melbourne and is striving to provide access to medicinal cannabis for Australian patients.