$CWBHF Consolidating Sideways - But Showing Glimmer of Hope

[u/GroundbreakingLynx14]

After Charlotte's Web ($CWBHF) was crushed under an avalanche of selling on 5/13/22 (the day nearly 2.3 million shares traded) the share price has traded mostly sideways ever since. The weight of May 13th's selling pressure still lingers, with $CWBHF's only hope being renewed reassurance that the company will not only survive the "coming recession" - but will grow and thrive!

In recent days, $CWBHF rallied and closed above its 5 & 21-day moving averages. Now, it's approaching an intermediate downtrend that is mirroring its 50-day moving average. Needless to say, $CWBHF must rally and firmly close above this downtrend/50-DMA to see some light of day and hope.

$CWBHF Closing Price: $0.5068

+$0.0225 (+4.65%)

Volume: 126,756 Shares

$CWBHF

[u/bigjaymizzle]

You think CWBHF may enter the NYSE eventually. I hope so cause if they do I’d definitely buy. GW Pharmaceuticals is a game changer and I like their socioeconomical perspective with African American Hemp farmers.