NEPTUNE WELLNESS (NEPT): TECHNICAL ANALYSIS for July 18, 2019 [CANNABIS STOCK NEWS TODAY]

Review of this week’s price-action and search for more patterns in the stock chart for Neptune Wellness Inc.

In late 2018, Neptune Wellness signed a multi-year extraction deal with Canopy Growth (CGC), and the last month Neptune added 3-year extration deals with Tilray (TLRY) and The Green Organic Dutchmen (TGOD). The CEO of Neptune Wellness recently stepped down, and the company was not phased by this news last month. The stock chart continues to make bullish strides, as it approaches the 1-year high of $5.22. On Monday this week, NEPT peaked at 5.13, followed by peaks at 5.05 and 4.99 on Tuesday and Wednesday. The stock clearly feels comfortable at $5.00, but will it climb to $5.50 and $6.00 this summer? Let me know in the comments if you have any guesses or ideas to add. Thanks for watching, and subscribe for more videos like this one.

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