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Inspiration Mining Corporation
(CSE: ISM)
OK let’s start off with talking about Inspiration Mining Corporation. I know what you are probably thinking right about now. A mining company? I thought I was reading a Cannabis magazine. Yes, I know this is a Cannabis magazine; I am not completely off my rocker. Allow me to explain:
Inspiration Mining Corporation announced that it has commenced formal negotiations with Compassion Cannabis whereby the Corporation and Compassion Cannabis. For the full details please go to their news release here: http://www.inspirationmining.com/news3.php?id=101
We are going to look at two charts today for Inspiration. They will be over the same time period. One will be with candles (which you are likely familiar with now) and the other will be with Heiken Ashi. Like a well modified plant, Heikin-Ashi is like a modified candlestick. This variation of the candlestick is not commonly used but I find it has its purpose especially when dealing with lower priced and/or thinly traded stocks. We won’t burden you with the underpinnings of how this works, but you can essentially think of it as a way to smooth out the price action which can, in turn, help you cut out the noise and see the bigger picture at play. Hopefully, this new charting type will help bring Inspiration to your portfolio picks.
(note: this is a Canadian ticker for those of you looking to diversify)