DionyMed Brands Inc. (CSE: DYME)
DionyMed per their website description sells branded products in every category from flower to vape cartridges, concentrates, and edibles. DionyMed serves more than 700 dispensaries and 40,000 Direct-To-Consumer deliveries each month with its growing portfolio of products and brands. Much like is involved in every category within the cannabis space, perhaps it is time for you to explore other angles on the chart and looking at it from a fresh perspective.
Perhaps you have a good feel by now as to what charting setups you like to look for, or what areas of support or resistance are likely to trigger a reaction from you. Today we are going to look at the baseline chart setup. So instead of looking at candlestick or line charts as we often do today, we will discover a baseline chart. It is very similar to an area-type chart, except you can manually slide up and down the threshold that you choose. You will see red areas below the line you move and green
ones for when it is above the line you can adjust. This can be useful for quickly visually interpreting areas of support and resistance that you have noted and if they breach above or below the threshold you set there will be a version obvious visual signal. This is great, as we know that sometimes things are never textbook perfect and setting our own visual signals might just be the what is needed to see the next chart breakout. As you can see with DionyMed here, we can adjust this to watch for support to fail or resistance to break this tight range it has been consolidation in.
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