CV Sciences Inc (CVSI)

[d0lphint0m]

Once a trend gets started then it is easier to ride the trend. Those who have shorted the sector these last 6-8 months have done extremely well with the trend in the sector, except for this stock. This stock has been consolidating between $2-4 for the past six months while the rest in the sector have been in decline. I can not predict if this consolidation will be followed by a huge move up on a continuation down but this has definitely outperformed the sector in the last six months in it's lack of performance...Currently the Point and Figure chart suggests that the trend is up for the stock with a "count" of $8.50. This could definitely change as was the case with CAN n which had counts to $26.00 last week before it erased those counts by hitting $4.50.
So as far as the sector goes, the trend continues to be down and if one were playing the trend one would have made money with that trend.