$HMPQ Tracing Out Fresh Bullish Setup

19 Nov 2019

HMPQ

HMPQ shares holding bullish flag pattern after a series of positive technical events forming what could be a long-term bottom/basing pattern. Company appears to be marching toward initial burst of sales growth as its branded CBD business collects momentum.

Shares of HempAmericana Inc (OTCMKTS:HMPQ) have been showing some revitalized strength in recent action. Given the company’s strong brand identity as a hallowed name in the hemp sector, we thought it was a good time to take a fresh look. The first thing that should strike interest is the combination of the company’s recent catalysts: First, the company announced a big inventory build of 500K-plus stored up in h-q product, then it announced the launch of a new ecommerce portal, and now the company just signed an LOI to with Smart Decision, Inc. to participate in a cutting edge algorithmic product recommendation system.

This is important because the company has a strong manufacturing process with premium high-capacity supercritical CO2 CBD Oil extraction technology and a next-generation cultivation methodology. Once the inventory of the company’s high-grade product is assembled, all that remains is the distribution phase to monetize. The latest step – being selected to take part in the CBDsmartdecision.com algorithmic product recommendation system – could be a game-changer, which suggests the stock may have some new life in front of it.

HempAmericana Inc (OTCMKTS:HMPQ) bills itself as an emerging player in the hemp-based CBD marketplace. The company also researches, develops and sells products made of industrial hemp, in addition to carrying out other non-hemp based products but intends to focus primarily on the potential for hemp.