Weekly Charts with Rhum (CXXI, TBP, PBX, SKE)

Here’s another edition of our chart-based weekly with our FinTwit friend Rhum.

Every week he breaks down the weekly charts from some of the hottest tickers out there. These charts will show you some of the most hyped-up names of the week, and maybe even a few that might be good buying opportunities.

If you like the charts, don’t forget to support Rhum and his blog for his hard work and don’t hesitate to send in any chart requests either.

CXXI – Deserving of Fresh Perspective?

After what can only be considered a historic pump and dump in 2019, C21 Investments’ most recent financials showed investors their operations are growing nicely.

The chart is also showing the potential for a resurgence in stock price if support picks up into February. Overall, a fresh perspective on CXXI may be warranted.

TBP – Breakthrough Approval Breaks Downtrend?

After what some view as the first approval of an OTC cannabinoid-based drug, Tetra-Bio Pharma surged nearly 40% last week. While we reviewed what this drug alone could mean for TBP, many say it’s just the tip of the iceberg.

While the downtrend is still evident, the news has given over the reins to the bulls. While there are talks of the building of a substantial short position, if more good news comes, expect TBP to breakout.

PBX – PowerBand Powering Through

Last week saw bulls take control of PowerBand Solutions with substantial accumulation and the breaking of the downtrend.

Watch closely as the stock tries to break through the resistance line. If you’re looking for the investment thesis – The Deep Dive outlines what you need to know.

SKE – Skeena Sky High After PEA

Skeena Resources announced a PEA for an open-pit mine with gold grades rarely seen in mining these days. While the bulls have clearly priced in the building of a mine, it would be smart to remember a feasibility study is still required.

Anyone playing this run should do so with caution.

If you appreciated the chart commentary by Rhum, keep in mind this isn’t his day job and he’s doing this to help investors. If you’ve made money based on his charting, don’t be afraid to give a little back.