Green Hygienics Holdings Inc (OTCMKTS:GRYN) Stock Takes a Hit: Down 25% In a Week

In the past week, investors have not been particularly kind to Green Hygienics Holdings Inc (OTCMKTS:GRYN) and the company’s stock has tanked by as much as 25% during the period as a consequence.

Traders Corner

GRYN stock has a pivot point at $0.7167. Key supports for the stock are 0.5735, 0.6268, 0.6634 and resistances are 0.7533, 0.8066, 0.8432. Moreover, RSI stands at 17.

Provides Update on 2021 Harvest and Business Development Activities

Although the selloff in the stock has been quite strong in the past week, it should be noted that the company made a major announcement yesterday and it may be a good time to take a closer look at it. The company was in focus yesterday after it provided key updates with regards to its business development initiatives and also about the harvest in 2021.

The company announced yesterday that in recent times it has been focussed on advancing some of the more important areas of its business. In addition to that, Green Hygienics also noted that it has taken up a growth strategy that is aggressive in nature.

The company noted that to date, the operations of the company had been entirely conducted through the money invested by the company’s management. Hence, it has also had to issue more shares so that the management of Green Hygienics continued to be vested. At this point, it might be a good idea to track the stock before making any move.

Traders Corner

GRYN stock has a pivot point at $0.7167. Key supports for the stock are 0.5735, 0.6268, 0.6634 and resistances are 0.7533, 0.8066, 0.8432. Moreover, RSI stands at 17.