 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, how are you doing? This is Rich from Rich to be live and I wanted to give you the chart analysis and price analysis for Christina Lake Cannabis. So Christina Lake Cannabis has been a nice winner for our team. We did bring this pick at 38 cents and it went all the way up to over a dollar. As you can see, it actually went to about a dollar, $8, $9. So it was a huge winner for the community and since then it's really drifted down. So it went from 38 cents to a dollar, you know, on a lot of excitement, right? Let's just say it went up to there, 38 cents to a dollar on a lot of excitement and went all the way up to the dollar zone. Let's just say the trend was like that, right? And then what it's done, it's done opposite where it's kind of said, okay, well, you know, we had our high, right? Now we're going to get our drifting down low. Now what was the reason? Well, it's a company that's really early, just getting started. It doesn't have a lot of revenue, right? So it doesn't have a lot of revenue yet. Just kind of getting started. So what it's done, it's drifted down from those levels. So it went all the way up from 38 cents to a dollar and then it was like a lot of excitement, a lot of anticipation, all the great things it was doing. And then it's like, okay, now we're waiting for revenue. And we've been waiting for revenue, waiting for revenue, waiting for revenue. And that's why you see this drifting all the way back down where it's gone all the way back down to this level. Now when I look at the MACD, this is what I see here. So let me just take a look. Make sure that RSI is there. There's the RSI. So the RSI is in clearly a buy zone right now. The RSI is at 24.94. That is a screaming buy for the RSI. Anything under 30 is in the buy zone. Anything over 70 is in the sell zone. So right now, based on the RSI, this is a screaming buy. The MACD crossed down, which signaled a sell and has been coming all the way down and drifting all the way down. And now it's starting to turn sideways. So hopefully what's happening is starting to create a floor. Now, at the end of the day, this is just chart analysis. The company's going to need revenue or an acquisition or a large capital raise, some type of a catalyst to take the stock further up. But based on the analysis, based on where it's at, I think that maybe this does drift a little lower. Maybe it goes down to 50 cents. And if it does, the upside to me would be about 100% because it's been at a dollar before with no revenue. So imagine where it could go with revenue. So if it's been to a dollar with no revenue, when they start showing announcing revenue, if it does go back to, let's say 50 cents, or even if it's still at 60 cents, that's a huge return on your investment. If it goes to 50 cents and then runs to a dollar, that's 100% return. So I do believe there's a little bit of downside opportunity here. Maybe it goes, like I said, as low as 50, which would be a great entry in my opinion. And then if you hold for this to start really gaining some traction as far as revenue, I believe revenue will be the biggest catalyst for this company. And I feel like we could see this go to at least a dollar, which would be a nice return here from 60 cents, but an even bigger return, if it drifted a little bit lower to 50 cents, because from 50 cents to a dollar, you'd be able to double your money. And we love doubling our money. So CLC is the symbol in Canada and a lot of the same in the United States, CLCFF. Now CLCFF in America is even more dramatic, because what you see here is a company that opened up at about 46 cents in America. And you can see right now it's trading at 47 and a half. So it opened up at 46, went all the way to 85 or so, which is the highest it's been in America. Move this up to around there. Let's just say around 82 to 85 cents is the highest. So it made pretty much almost a double and it's done the exact same thing. It's drifted all the way back down. It's finding this lower level and you can see the RSI is in the buy zone. You can see the MAGD starting to kind of turn sideways. If this MAGD starts to turn up and if the RSI starts to go in the other direction up, we could see this move all the way back up to 80 cents, which would be almost 100% return from these prices. So I think that CLC Christina Lake Cannabis is a really good company. They're a good growing company, tight share structure, good management team. I believe that this is finding a floor, finding a bottom and I believe that the upside is tremendous. The downside is maybe 10, 20%, maybe 30% max. The upside in my opinion is 100% plus. This is Christina Lake Cannabis, CLC in Canada, CLCFF in America, CLB in Frankfurt, Germany. Remember, Rich TV Live is strictly for education and information purposes. Always do your due diligence, always do your research before you invest in anything that we talk about or discuss here in Rich TV Live. Love to know your opinion on Christina Lake Cannabis. Do you like this? Do you like this price? Do you like the stock? If you like it, please smash the like button. Comment down below, share the video everywhere and subscribe. If you're bored or rich from Rich TV Live, we bring you the winners and we bring them to you first. We brought you Christina Lake Cannabis first. It was a big winner for the community. It's now drifting back down, giving everyone an opportunity to win big again. Are you positioning yourself? Are you interested in this pick? Are you looking to buy? Now let's keep in mind that cannabis stocks have all drifted down. So this has been a sector-wide effect where all cannabis stocks have been drifting down. They've lost momentum, they've lost steam. If and when cannabis stocks explode again, Christina Lake may be well poised to double from these prices. This is rich from Rich TV Live. If you're not winning, you're not watching. We bring the winners and we bring them to you first. We brought you Christina Lake Cannabis first at 38 cents. It went to over a dollar. Now back at 58. What do you guys think? Same thing. I think maybe 10, 20, 30% downside max in my opinion. Upside, I would say 100% plus. That's my chart analysis. This is my price analysis for Christina Lake Cannabis. This is Rich from Rich TV Live and I'm out. Peace.