Canadian CANNAINVESTOR Magazine December 2017 | Page 228

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Abattis as per their website can be described as having “ Integrated solutions for cannabis based and natural formulations, extracts and product development from concept to market delivery.” That sounds great. Now let’s grab a fork and dig into the technicals on this one. Specifically, we are going to grab a pitchfork and dig into this one. I am not talking about the farm tool with the long metal prongs, although if you glance at the chart it does resemble one, which happens to be how it got it’s name. The pitchfork we would like to discuss with you today is known as Andrew’s pitchfork. This charting method is one that seems to be forgotten by many but has it’s merit. This fork can be used to help us eat after we reap the gains from its use with success.

The pitchfork helps us define support and resistance levels (within a trend). We can use this to our advantage when looking to take a position or add to one. We would look to add when it approaches support levels which would be the bottom portion of the pitchfork or the middle portion if it is coming off of the upper prong of the fork. If you happen to be wondering when you might want to exit or lighten up on a position then we could look at the opposite scenario - resistance. Resistance on the pitchfork would be the upper prong or in some cases the middle prong. However don’t be surprised if the bulls rip through the middle prong of the fork after you sell at the middle prong. The end prongs of the fork are the more prominent support and resistance levels you should be aware of. Next time you are hungry for some tasty cannabis, don’t forget to bring your fork to the table.

Abattis Bioceuticals Corp.

(CSE: ATT)

Note: Note the chart is using ATTBF. This is the same company discussed here.