Cannabis Holdings Inc (GSML) is our small market cap, low float Friday runner that could bring us a solid short term trading opportunity today.
If you haven’t already, get GSML on your trading screen now – do not delay.
In addition to its small market cap of just $2.4 million (per OTCMarkets.com), GSML has a sweet looking chart that looks like it is ready to run.
You can see there is very strong multi-month support at around $0.01, only dipping below this level a few times in the past four months – and immediately bouncing back above $0.01 every time it has breached this level.
GSML closed yesterday at $0.0175 – right at its 50 day moving average.
GSML is a CO based, US publicly listed company. Earlier this year, the company announced they had changed their name to reflect its new business model and operations as well as relocated its headquarters to Colorado to take advantage of the growing cannabis market.
Cannabis Holdings plans to enter the rapidly growing hemp market in the United States. The Company will introduce a new executive management team and Board of Directors to position itself for rapid growth in this new market and is in the process of updating its corporate website and information.
The Company has also applied for a new stock ticker from the OTC Markets.
We think GSML could be a strong mover today, and a excellent short term trading opportunity.
Make sure you are watching GSML at the opening bell today – we could see a strong uptick in volume and positive momentum.
All the best out there today.