 Rich Picks Daily is an online community for traders to exchange smart, straightforward, and profitable investment ideas. Join us today at richpicksdaily.com, subscribe to us on YouTube to learn useful stock trading secrets, and discover the next ten-banker. Hey guys, this is Rich from Rich TV Live, and I wanted to talk to you about Cristina Lake Cannabis, CLC in Canada, CLCFF in America. I really feel like it may have finally done a trend reversal. I want to show you what I see. So this is the American side, CLCFF. This is the Canadian side. So I brought this pick to our community at 38 cents. Right around here, it was at around like 38 cents when I brought it to our community, and it made this huge move up, was very, very explosive, and just grew with tons of momentum. That was when cannabis was kind of, it was on fire, it was like a hot sector at the time. It was just climbing up, right, made this move up. So then it went all the way up to over a dollar, and clearly what happened once it got to a dollar is investors took profits, totally understandable. When you get in at 38 cents and it goes to a dollar, you're making 150% returns, nothing wrong with taking profits. Then what happened is that the cannabis sector lost steam, specifically small caps. So then what we see here is we see this heavy drop, heavy drop down to this level. Now, what I saw was three, three times where it looked like it might do a trend reversal. I'm going to show you these little moves here. It made these three little moves where it looked like it was going to do a trend reversal right here. There's this little move right here, right there was a move, and then there was another move right here, little move right here, where did this little move to there? And then it did another move just recently this week from here to here. Now I want to zoom in on this last move. So we saw this dip down and then reverse up and then dip down and reverse up and then dip down and then reverse up. So how can you be sure it's a trend reversal? You can't, you can't. But if you think about where it's been, it started at like 38 cents, went to a dollar, came down, hit another low here of about let's say like 54 cents and is now starting to reverse. So I always tell our members in our trading club, when you're investing in something, don't chase a falling night, wait for a trend reversal. If you see something is just going down, trust your eyes, wait for the trend to reverse up before you position yourself. And I'm not telling you to buy this, but there's a very good chance that we may have finally seen the selling end. And this could be the end of the trend down and we may now start seeing this reverse up. I can't guarantee it, but when you're trading, it's always safer to wait for a trend reversal before you enter in a trade. Now let's take a look at some other indicators. You could see the RSI also was getting closer to a bottom and you could see that it is starting to bounce. It was clearly in the sell zone for quite some time. You could see anything over 70 is the sell zone on the RSI and it was heavily overbought. That's what it was signaling and it started to come down, down, down. Now the buy zone, the screaming buy zone for the RSI is 30 or under, which is saying that this could still go lower. But the fact that we've come off of the 70 zone tells me that we're definitely no longer in a sell zone. We're more in a buy zone than a sell zone, but I still see that we could go potentially lower. We could go to 30 or lower on the RSI. So there could still be a little bit more selling pressure, but I also see that there's some good potential for this to go higher, at least, at least I would say about 75 cents. So if you're looking to get into Christina Lake cannabis, this might be signaling that the selling is stopped. The trend reversal has begun and we could see a move up. Now I can't guarantee it. Remember Rich TV Live is strictly for information and education purposes. Please do your due diligence, do your research before you invest in anything that we talk about here in Rich TV Live. Always invest in the best, the best is best. Now one of the clues that I like about Christina Lake cannabis is that some of the same people that are involved in TAT, which has been a huge winner for us, are also involved in Christina Lake cannabis. For example, the CEO of Christina Lake cannabis is also the chairman of TAT. So keep that in mind. That's to me, success leaves clues. And if you've got successful members of the team, chances are they're going to be able to have success with this project as well. It's not a guarantee, but it does lead me to believe that Christina Lake cannabis has a future. Now, another thing I want you to see is the MACD here. You could see the MACD did cross down, which signaled a sell. And you could see that's what it did. And now you could see the MACD is kind of looking like it could turn sideways. And if it does turn sideways and cross up, that would signal a buy and a trend reversal as well. So that's very interesting. Now, if we look at the US symbol and the US side, CLCFF, it doesn't look as aggressive. Like the selling doesn't look as aggressive on this chart. So what you see here is you see it came down, did this move down. And then since then, it's actually already started to correct. Their trend has reversed and it's actually started to go up. So interesting that the US side doesn't look like the Canadian side now that it hasn't been trading as long, but you can see that it initially went up on excitement of this US listing went up and then came down and just like the Canadian side with a lot of selling pressure and is now started to already climb up. So the US side is already showing that the trend has reversed and it's reversing up. It's going to be interesting to see if this continues. But in my opinion, based on this chart analysis, based on the fact that I know this is a growing company, based on the fact that I know this company, just like all cannabis stocks has been under a lot of heavy selling pressure. I believe that this is signaling a trend reversal. Love to know if you guys agree. If you agree with my analysis, please comment down below, share the video everywhere and subscribe. Cannabis stocks have lost a lot of steam. They haven't really been doing well for months now. Before that, they had a lot of momentum. This is a sector that's all momentum driven and this is a super hyper growth stock that has a great future tight share structure, growing company, growing revenue with a strong management team. So I do believe that they have a great future. Obviously, they've gone up after we talked about it came back down like a lot of small caps have over the last couple of months and now it looks like the trend is reversing up. Let me know what you guys think. Is your board rich or wish to be live? Remember, if you're not winning, probably not watching. We bring in the winners, we bring in the analysis, we bring in the news and we bring it to you first. Thank you guys for watching. Is your board rich or wish to be live? And I'm out.