Marijuana Stocks Intraday Update – Innovative Properties Inc. (dba Nabis Holdings) (CSE: NAB) (OTC: INNPF) – 4/11/2019

*Posted at 12:28 pm EST on Thursday, April 11, 2019*

Innovative Properties Inc. (dba Nabis Holdings) (CSE: NAB) (OTC: INNPF) is having a banner breakout day and could be an early sign of an overall trend reversal. (CSE: NAB) (OTC: INNPF) has been stuck in a downtrend dating back to early February 2019, but today 4/11/2019, (CSE: NAB) (OTC: INNPF) gapped up on huge volume breaking above the downtrend resistance line that has kept a lid on the stock for the last couple months. The high volume breakout could possibly confirm an overall trend shift back to the strong uptrend the stock experienced in late January 2019 when it ran +133% in just a couple weeks.

On top of all that, Innovative Properties Inc. (dba Nabis Holdings) (CSE: NAB) (OTC: INNPF) held support at a previous resistance level this morning 4/11/2019. In the Canadian chart below, you will notice the low of the day lines up with a prior resistance area that held the stock down while it was stuck in the downtrend. Today’s trading action could be the beginning of a new uptrend for Innovative Properties Inc. (dba Nabis Holdings) (CSE: NAB) (OTC: INNPF).

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