FSD Pharma Inc. (CSE: HUGE)
FSD Pharma has huge ambitions as stated via their mission which “is to transform the facility into the largest hydroponic indoor cannabis facility in the world.” Perhaps this is why they have chosen the ticker HUGE for their listing on the CSE. Aside from FSD Pharma’s huge ambitions as a global cannabis player, one can tell from looking at the chart that the volatility has been rather huge as well. Let’s take a look into a technical indicator that may help you find huge opportunities.
If you recall, in our April edition we covered the Aroon indicator. To review click here. Today we will discuss the Aroon Oscillator which is variant of the Aroon itself. If you recall the Aroon measures the bullish and bearish sentiment and has separate lines for each. When the lines intersect and cross then we are given a signal. The Oscillator works by taking the bullish line and subtracting the bearish line. The Aroon Oscillator will display a number of zero at an intersection and a positive reading when it is bullish. Conversely, when there is bearish sentiment then we will see the oscillator dip into the negative numbers. Another way to say this is that when we see the Aroon Oscillator go from negative to positive it showing that the chart is making new highs more recently than new lows. Like most indicators, it is always best to pair them with the other tools you have acquired in order to capture the next huge trade.
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