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Great time to buy; Pullback after recent 50/200 golden cross.
CBIS is likely to retest and set new highs over the next 3 months.
Don't listen to the stupid non-sense posters on here. Who hangs around for years at a time to try to convince people a company is a scam? SCAMERS that's who. Either people who are super bitter that bought in when it was the equivalent of >$500 share pre-dilution or short sellers hoping to pound on a penny stock.
Look at the weekly chart. Strong bounce off of RSI 50.
The daily chart 50/200 golden cross and orderly pullback.
MACD, Stochastics all show a new double-bottom setting in to pave the way for a new impulse wave up.
There may or may not be another small tip coming taking it back to .06-07; wouldn't be surprised to see it; however I also wouldn't be surprised to see this break through .08-.09 and push through the resistance over the next few days.
CBIS posted a BUY yesterday on American Bulls:
https://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=CBIS
Looks like it should run much higher- daily chart fully reset and ready to run.
Wish I had sold at .12-13 and bought in at .07; I almost did but held off taking profits.
I'm in at .03 so I'm still very much in profit.
Oh and there's this analysis also:
All signals are bullish and very bullish across all time frames (short, intermediate and long)
http://www.stockta.com/cgi-bin/analysis.pl?symb=CBIS&cobrand=&mode=stock
Bullish Doji Star;
https://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=CBIS
Also noted,
CBIS has been in a consolidation pattern on low volume retracement.
Positive Divergence has been seen on intraday chart
No negative divergence on the daily chart
Overall Daily and Weekly patterns are bullish
Recent golden cross (50/200)
Although it's difficult to say exactly when a stock will break out of a consolidation range, it looks like the retracement is nearing it's end.
Regarding positive divergence, check out 60 minute chart, Full Stochastics. Lower price action and higher stochastic lows.
Still a few 'mixed' signals in other timeframes so it's possible it will still see a lower retest before it bounces up but to positive divergence on the hourly is a leading indicator.
I would like to see a bounce and close over 0.102 and then I would say this is going to go back to new highs.
positive divergence is in; looks like it should be bouncing up from here.
Next step .17 to .25 range.
Chart formed a reverse head and sholders; ready for breakout later this week.
Didn't you say CBIS was going back to .02?
The fact that it bounced back to .12 after the profit taking and industry dip from the Sessions announcement speaks for itself.
THe OS is 3 Billion because it's a Penny Stock. If the OS was 300M the share value would be $1.20 instead of 12 cents. If the OS was 30M the stock price would be at $12.
Weekly chart looks great.
50/200 bullish golden cross on the daily.
Could be setup for multi-week or possibly even multi-month bull run.
good positive divergence on the 15 min chart; looks like it is reset and ready to go.
I almost sold when it was at .135 just from the technicals since it was overbought and ready for profit taking. Wish I would have sold and rebought in at .08 :) Looks like it should rebound from here and go back to .12-14 range; test .14 and then a break of .14 will put it to .20 - .25 range.
California and Colorado AG
California's Democratic attorney general says his office will vigorously enforce the state's new recreational marijuana law despite the threat of a federal crackdown.
Attorney General Xavier Becerra (HAH-vee-air BAH-sehr'-ah) on Thursday criticized U.S. Attorney General Jeff Sessions' decision to end a policy directing federal authorities to take a hands-off approach to marijuana enforcement.
http://kdvr.com/2018/01/04/u-s-attorney-for-colorado-status-quo-on-marijuana-prosecutions/
http://www.heraldcourier.com/news/the-latest-california-ag-will-fight-federal-pot-crackdown/article_e0645ca5-7704-5aae-93f1-9c969f9e1a35.html
CBIS Crypto and Sessions
In the long run, CBIS's move into crypto will benefit them as any crackdown on the industry will effect the banking sector. Having a crypto based industry payment system will be vital.
Also it does sound like Sessions memo is getting an over-reaction from the industry. Congress has still tied Sessions hands and the Colorado AG has already stated no change to enforcement in CO.
I would expect most legal states will have the same position.
Stupid question-day trading OTC Penny stocks
If I'm on Scottrade and want to sell and rebuy on the same day, will it allow me to buy the shares back again before the 3 day settlement period? I have a margin account but I know that does not apply to penny stocks. I know about round trip rules, just wondering if I will be physically able to make the purchase.
[t][/t]
This stock just had a massive run-up and this is some normal profit taking. You heard it here.. bought at .08 sell at .10.
I'm in at .04 average and holding.
What is TA? Technical Analysis?
Check out the weekly chart.
It looks like CBIS is poised for a massive week over week run-up.
There may be some profit taking along the way but try to time this at your own risk.
Agree.
What some people are not getting is that CBIS is a pure Intellectual Property Play. Or at least it was in their previous incarnation. The past 18-24 months they have been shifting gears becuase they've realized they need some sustainable revenue.
The Cannabis ICO for crypto-currency is big news.
2 dispensaries in LA along with the new recreational market in CA.
CBIS supported many studies around cannabis treating cancer. This is a long term play because of the regulatory environment. This company could easily go from no revenue to massive revenue almost overnight.
In the mean time, they are one of the oldest cannabis stock plays. Sure it seems 'diluted' but if you just divide everything by 100 it is still a good value for this kind of company.
CBIS Bottomed out; very good support at this level. This is a deep pullback and great time to buy.
RSI(2) ~1.5
Positive MACD and Stochastics Divergence on intraday chart
I just doubled my position here.
STRONG BUY : BUY BUY BUY!
I agree under .08 is good. I knew I should have sold at .14 but didn't. I have good analysis but very poor execution, therefore I suck at trading :(
RSI(2) was >99; it was ready for pullback;
what do they say-pigs get slaughtered :(
I could have almost doubled my position if I sold at .14 and bought back over the next day or two.
Hey everyone. It's been a while. Chart looks like it's fully consolidated now. Lots of hidden positive divergence. Stochastics has reset and price has held higher relative levels.
http://stockcharts.com/h-sc/ui?s=CBIS&p=D&b=5&g=0&id=p83363606177&a=265563963&listNum=1
Is Cannabis effective for prostrate cancer? I know it's definitely effective for lung, skin and brain cancers.
What about Timothy Leary, didn't he die of prostrate cancer?
What's going on with Thailand and the Carribean. I must have missed those.
oh I know it's going up in long term towards Nov. Don't doubt that. I just did a poorly executed swing to protect profits and come in lower, but I messed it up and sold at the low of the day.
I shouldn't be hard on myself excpet I know better :)
Somebody comment on how stupid I was today.
I sold at .104 and bought back at .117.
Would have been ok if I sold at .112 for protection and bought back at .117 as I planned.
good plan, bad execution. That can kill a trader!
Maybe I missed something. Why are we surprised that the building has 'real walls'?
There plans are to begin the FDA Fast Track process. They have engaged consultants to plan for submission.
Well cannabis is already legal to recommend for treatment of cancer pain and related treatment side effects.
They may have to be careful how they approach this as they can't present it as a cure until it has FDA approval.
"The 10,000 square foot building features 20 clinic rooms for those new and existing patients. There will be an onsite physician to guide them and suggest the appropriate treatment package. This Cancer Centre is equipped to operate as a full service medical cannabis treatment center, including a lab for clinical testing. Incoming patients will first get an assessment and when necessary, an x-ray or MRI. There will also be a separate specialized doctor on site, who can issue an MMC card to incoming patients who do not already have one. Additionally, as part of this joint venture, Cannabis Science will have associated local dispensaries and labs for testing. "
-wow, just wow.
made a mistake today...
camarillos said .1130 was bearish so I sold my shares. Wouldn't have been so bad except I hesitated watching that .11 support and got flushed out near the bottom of the day. Back in at the new signal .117 on the news.
lesson learned. hesitation = bad.
good analysis. I agree with everything except maybe your statement that we won't see .24 again. Agreed .15 is key and I agree with everything you said about the gaps.
getting some pos. div on the short term charts, should move higher before EOD.
ok so someone explain, how is COIN related to VRNG?
Ya I get that video ringtones is in VRNG line of business. But what does organic fertilizer have to do with video ringtones? Seems like a weird merger.
Does VRNG or COIN have any synergistic portfollios or are they merging for other reasons?
HAMMER, should I buy some COIN here? Thinking of selling just a small amount of my CBIS to buy some COIN. I have 51K in CBIS. Maybe sell like 1-2K of shares and buy about 5-10K of this.
I don't understand. What does COIN have to do with video ring-tones?
chart looking great on the shorter timeframes 15,10 & 5. 30 about to break and 60 looking especially promising.
again it's just like the government.
The U.S. has been debasing it's currency for over 100 years. Yet we have tons of growth. So far we have had controlled inflation and for the most part with the exception of the 70's our growth has outpaced our debasement.
The same thing happens in a stock. If you dilute like the U.S. it means growth. If you dilute like zimbabwe it's bad. As a company grows and can attract a larger investment base and greater market cap they can 'afford' more dilution. If they use the money raised in dilution wisley and get in return, less debt, more growth then it is a positive thing for the company.
Example. Let's say CBIS used all 750 million shares in the A/S but then they use that money to get through FDA fast track and clinical trails. There will be twice as much shares, therefore half the value of today but anywhere between 100-500 times the value. Maybe more.
very close to a breakout here.
WHo's speculating that they are making massive revenue. CBIS is still in R&D and pretty much in pilot mode as far as product launch is concerned. I haven't heard anyone here speculate on a huge increase on revenue. However since revenue is relatively low, it's easy to obtain a 2x 100% growth without much happening; therefor that is certainly a possibility.
I'm stating that the growth has absorbed whatever O/S increase has occured. OBVIOUSLY.