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Wednesday, 02/08/2017 10:12:55 AM

Wednesday, February 08, 2017 10:12:55 AM

Post# of 111452
Marijuana WEED stock ATTBF best chart

POSITIVES summary for ATTBF as of February 7, 2017:

*in the current very hot momentum sector of cannabis stocks, massive new multibillion dollar industry just getting off the ground, the entire USA MJ sector is seeing massive momentum and 10 bagger gainers repeatedly as the industry tries to find out who will lead.

*low float and low total outstanding shares

*Canada will put forth legalization legislation THIS SPRING 2017 (March ?) and then a vote will come after that some time in 2017.

*Canada would then be only the second country to fully legalize Marijuana (Uruguay is the first country)

TECHNICAL ANALYSIS positives summary:

*ATTBF has a nice long 1.5 year flat base to work off of for 2015 to 2016. This is a huge amount of price cause to help fuel a big upside run. The longer the base the higher in space it goes. Not only that but the recent base formed at .11 is about 3 months long !

*ATTBF had a huge run from about .03 to .18 in September October 2016 but the most important part is what happened AFTER that. ATTBF then proceeded to do a .382 to .50 Fib Retracement in a very orderly contained fashion. This very small retracement relative to the previous advance is a very bullish sign.

*The WEEKLY chart shows that RSI is about to bust through the 70 percent line which is where the most bullish moves in any stock start to occur. The last time this happened ATTBF Went from .16 to 2.70

*The structure since February 2015 to present looks like a huge cup and handle pattern.

* daily MACD is positive, weekly is about to go positive, monthly MACD is positive

*the huge 2 million volume surge yesterday is pushing up against the previous price level shelf of October 2016 with DOUBLE the volume. This means that the previous highs are likely to be exceeded.
2017 is THE YEAR for ATTBF to run !

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