EastWest Bioscience Inc. (TSXV: EAST)
Note: this is a Canadian listed company for those of you looking to diversify
EastWest Bioscience defines their mission as follows “To be the global leader in supporting preventative hemp healthy lifestyles for people and pets.” Perhaps we as investors overlook certain opportunities in the market or fail to connect all of the dots. Perhaps our mindset is that the cannabis space will serve well for the people. While that line of thought is turning out to be true, we must not also forget about our best friends. What about your dog? EastWest has recently announced that it partnered with Natural Pet Distributors which will reach up to 550 stores in Southern Ontario and Quebec. With the trend of decreasing birth rates amongst women in North America, one could expect to see more money available to spend on our furry friends.
We often look at moving averages as a charting aid when identifying patterns, support, and resistance within a chart. Today we will look at another version of one know as the McGinley Dynamic Indicator. The McGinley Dynamic was designed with the intentions to improve the moving averages we frequently use by adjusting to shifts in the market speed. So instead of it being a static moving average such as 10, 20, 50 or what not, the McGinley Dynamic is as it implies - dynamic! The end result is an indicator that is much more smooth in comparison. It is built off of the human psychology around trading and as such, this moving average is quick to reflect downwards pressure when markets sell-off, but rather tardy when there is upwards pressure. This moving average can help you identify what type of trend you are in. Perhaps a dog is man's best friend, but let’s not forget that the trend is your friend until the end too.
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