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Snipp interactive is another interesting company that per their website can be described as follows: “We are a global loyalty and promotions company with a singular focus: to develop disruptive engagement platforms that generate insights and drive sales.” How exactly does this tie into the cannabis sector you ask? Well, they have announced that they will be“A One Of A Kind Resource For Cannabis Marketing”. To read more CLICK HERE
How can you understand a stocks price action if you are zoomed in too far? How can you put things into perspective? We often find ourselves looking at daily time frames or daily candles on our charts by default. This can be changed. We can look at our charts using weekly candles. All of the technical analysis we use can be applied to weekly candles too. The difference is that it is stretched over a longer time period. In fact, it is recommended that you take a look at what is going on in the weekly candles before you zoom into the daily candles to get a better idea of what the overall trend is or what patterns are emerging. Let’s take a Snipp interactive on the daily. While one can say it does appear to be trending up, one could also say it seems too volatile or uncertain for their liking (not that there's anything wrong with that). Now take a step back and look at the prices on the weekly chart. Seems much more relaxed and a clearer picture becomes to emerge. What do you see? I know what I see here. I’ll give you a hint. We covered it last December on CHV.
Snipp Interactive Inc.
(TSXV: SPN)