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BUDD is definitely one of the more fitting and easy to remember tickers out there. If nothing else, you have to give them props for that. The ticker is very well fitting given what this company is all about. The mission of Lineage is “... to provide maximum profitability to shareholders using our vertically integrated system and current industry expertise. This model spans across growth, production, manufacturing, branding, and distribution sectors of the industry. Our niche is big picture operations by applying our invaluable understanding of how the industry operates legally and financially.” Sounds pretty good, but I know what you really want. You are looking for the technical edge on Lineage. Well, you’ve come to the right place.
Today we are going to explore the William %R indicator. This is very similar to the Stochastic Oscillator that we discussed in our Oct 2017 WEED Stochastic osc article. The William %R indicator is a momentum indicator. It is used to help us find areas where the company is considered overbought or oversold. This can help us if we are trading or simply planning more ideal entries and exits to our positions. Keeping with my initial word not to bore you with mathematical calculations we can simplify the indicator as follows: When it is at the top it becomes overbought, so a good time to consider selling.
Lineage Grow Company Ltd. (CSE: BUDD)
Note: this is a Canadian ticker for those looking for diversification.
<link to Oct 2017 WEED Stochastic osc article>