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Awesome experience, thanks for sharing. Keep us updated!
Nice, the direction looks to be that of giving us another dip to buy before our stellar ER since it dropped below the 4.79 support. This is a gift. I will look to buy in when the hourly RSI reaches oversold conditions of below 30. good luck to us all!
Looks like tomorrow is the BREAK day...one way or the other
On the all important hourly chart that all day traders and computers and bots use...we are so tight and will break one way or another today or without a doubt by tomorrow at the latest (I think today at end of day though) The range right now is between 4.79 and 4.88. The Volume on the day is the lowest I have ever witnessed for CVSI. The break, when it comes...will show a volume spike with it when it breaks over 4.88 or drops below 4.79 and we and all the computers and bots and day traders will know with confirmation that the direction is determined and lots of buyers will come in. here is a pic of the hourly chart and the equilibrium pattern that is playing out. It has been tightening ever since the 4.51 price on the 12th of February, and each white line on the chart indicates either a new higher low or a new lower high. This is a classic chart pattern that traders look for in order to play the break, and it is about to happen. Click on the chart to see it larger. My advice is to either buy the break over 4.88 or wait for an oversold condition on the RSI indicator on the hourly chart if it breaks below 4.79 before buying back in again. This is one of the best ways to "hit a run" Good luck to everyone! Our upcoming ER should be quite stellar! And I believe uplisting will be ours before the month of May, but that is just a guess.
Its true that US citizens cannot short OTC stocks
nice sleuthing as usual @Sleuth100
When I write about price resistance and support, I am only using previous price points. There are other markers like moving averages and Bollinger bands and price markers on other time frames like the 15 minute chart which may indicate a place of support or resistance as well. But the MOST IMPORTANT MARKERS are ALWAYS PRICE and so that is what I am referencing. It is very helpful for finding confirmations of trend changes. Once we make a higher low and a higher high on the Daily chart, then we can zoom out to the Weekly longer term chart and note that a lower high has been set and further bull move is expected...but Im getting ahead of myself lol...just want you to understand how to spot and confirm trend changes. This is an extremely helpful tool.
Here is a pic of the Daily chart. The lower white line is the low that is now set on the Daily of 4.51 as confirmed by the previous chart I posted of the higher high on the hourly chart as a trend change. The next price resistance on the Daily chart is at 5.70 as there is not resistance on the daily chart with price as we just made lower highs and lower lows on the trend down. It does not mean we shoot straight up to the resistance though. we will likely stair step and actually make a lower high compared to 5.70 and then a higher low compared to 4.51 and this pattern, if it plays out this way...is called an Equilibrium and just gets tighter and tighter making lower highs and higher lows until an eminent break in one direction or another. However, today we go up and tomorrow as well...At least I am betting on it. Click on this Daily chart to see it bigger.
Here is a pic of the hourly chart showing we have made a higer low and a higher high. You can see the break and the upper white line is where the next hourly resistance is. This move on the hourly chart means that we have set our Daily Low at 4.51 and that the trend has now changed. I will post the daily chart in the post after this one. But this is the hourly. Click on it to make it bigger.
On the All Important Hourly chart, we have just made a higher low and a higher high with the break of 4.73. This mean that we have set our low on the Daily chart and that further upside is to be seen. The next resistance on the hourly chart is 5.07.
Bulls bought the dip on increasing volume today (almost double the volume of yesterday)and we held the daily higher low of 4.84 and the hourly higher low of 4.92. Her is a pic of the daily chart today and you can see by the candle that it is a bullish candle and the bulls bought the dip and the volume candle at the bottom of the page directly below todays candle and my cursor near enough to show you the actual volume number at the top right on the chart...you probably need to click on the chart and magnify it to see it very clearly but this chart is still wonderfully bullish. Even id f we lost both of those numbers, then we would still be in a weekly uptrend as the lower high of 4.05 would have to be broken in order to change the longer term trend. As of now the short, medium, and long term trends are bullish. Relax people and learn to read the charts. It will be your best friend.
KentuckyHemp, Not a downer day...a much needed consolidation period after a huge run up with no pullbacks from the 4.05 to the 5.70 mark. That is only a 12.28% pullback from the high of 5.70 to the low of 5.00 today after a 28.95% run up. This is exactly how the market works and there are no red flags on CVSI's chart. The daily higher low of 4.84 is still holding and the hourly higher low of 4.92. If either of those break then we are still very much on a weekly uptrend as long as we hold 4.05. Do yourself a huge favor and learn how to read the charts. It will change your life in the most prosperous and miraculous ways. Start watching all Chartguys videos of technical analysis on YouTube for free and even if you dont trade something he is posting, watch and you will learn immensely. Here is a technical analysis he did of the US marijauna sector from Friday's close and he covered CVSI on this particular day. STOP MESSING AROUND AND START LEARNING! Google and youtube any terminology you dont understand. You can do it. I did and Im telling you it changed my life for the better big time. How much longer are you in this Jail time b.s.?
Release Date
Period End
EPS
/ Forecast
Revenue
/ Forecast
Nov 07, 2018
09/2018
0.03
/ --
13.60M
/ --
Aug 01, 2018
06/2018
0.03
/ --
12.35M
/ --
May 14, 2018
03/2018
0.01
/ --
8.07M
/ --
Mar 30, 2018
12/2017
--
/ --
7.24M
/ --
Nov 08, 2017
09/2017
-0.01
/ --
5.59M
/ --
Aug 11, 2017
06/2017
-0.01
/ --
4.08M
/ --
May 09, 2017
03/2017
-0.06
/ --
This is the Daily chart of CVSI on Investing.com free charting...THe daily candle is called an Outside day Up...meaning that the entire candle from the low of 4.05 to the high of 4.43 completely engulfs the previous day's candle span and it finished the day above the previous day's closing price. This is usually, not always, but usually indicative of further upside on the daily chart. Also buying at the low today would have been sweet as the RSI indicated oversold (anything below 30) on the hourly chart RSI reached 27.09. Remember the hourly chart is the one day and swing traders frequently use to look for buy and sell conditions. Longer term traders use the Daily and the weekly charts more. Click on the chart to see it bigger :D Have a great 3 day weekend!
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CVSI just hit a strong support on the hourly chart at 4.14, I picked up a few shares at 4.15...however I do expect price to continue down to 4.00 psychological support because of candlestick and timing behavior...I will be ready to purchase more there. We are finishing near the low of today after and inside candle on the daily yesterday...this indicates further decline...but note that we are near lows on RSI and good buying opportunities are abound. GLTA
I read due to gov shutdown all SEC issues are delayed
Here is professional T.A. on CVSI from the one I learned from...He covers CVSI from time to time...this was just done this past Saturday. He covers Canadian and US marijauna sector daily and is a fantastic teacher. He also covers the major indexes and Crypto in separate videos on a daily basis. The analysis on CVSI starts at approx. 16:00 in this video if you want to skip ahead. Enjoy
THIS is the long term WEEKLY chart for the last 6 months. You will note that just 6 months ago the low price was at 1.72!!! We ARE in an UPTREN DESPITE VANDY's HORRIBLE LIES!!! Also, Please note that this pattern is called an Equilibrium on the weekly chart. It means that price is continuing to tighten...the most recent high of 5.60 and the most recent low of 3.80 indicate the range we are in now and we should see further tightening before a break bearish OR bullish will happen. Once the range breaks, You WILL SEE a huge influx of volume as the masses of day and swing traders and algorithms WILL FOLLOW THE BREAK IN EITHER DIRECTION it goes to make money. This longer term chart is key in the LONGER term future of CVSI...and unless the overall indexes crash, or CVSI gets hugely bad news...I suspect the break will be bullish. SO DO NOT LISTEN OR FOLLOW VANDY..Technical analysis is NOT a Prediction...It is a method of determining the best reaction points. And it works. We are in a long term uptrend. We are also forming an Equilibrium which will break ( I think sometime within a couple weeks or by the near the end of January ) as price range continues to tighten. Here is the weekly chart for 6 months and the white horizontal lines indicate the lower highs and higher lows which is price tightening ...hence the technical term EQUILIBRIUM and you better believe a large volume of traders WILL be making a move when a weekly equilibrium breaks!!! Very Exciting Stuff Folks!!!
its just a technical chart move as we discussed yesterday. next support on the hourly is 4.14 and I personally expect that one to hold as there is a lot of support there...but if we dont, I zoom out to the daily time frame and the next support is 4.08 and 4.00. there is no bad news and this is just a traders dream technical analysis move. Do not listen to anyone talking sh$t about anything fundamental :D enjoy your day and remember the charts. This is the hourly chart over the last 14 days. The lower white horizontal line is the next support on the hourly @ 4.14. Lets watch that hold. I am personally watch RSI levels on this chart to drop below 30 and hit around 4.20 price and I will place a partial order to buy there if those conditions are met while I reserve some cash to buy more if they cool off RSI and drop it more. Good Luck to all and have fun! Click on chart to make bigger.
TR6767 Here is another order I had placed in early December Date: Dec 7, 2018
Invoice Number: INV-189982
Sales Order Number: 211116
Delivery Number: 186911
Your Reference: 140918
Fulfillment Date: Dec 7, 2018
Customer Number: WOO38428
Hmmmmm...also just want to add that the candle forming now on this last hour is telling me that it is going to drop more because its called an outside candle down....this means that the price went higher and lower than the previous candlestick and so it engulfs the previous candlestick...if price closes at the end of the hour, below the closing price of the previous candle (which was 4.50) then that is another indicator of further decline....that is another thing you should learn without a doubt...google candlestick meanings and patterns on a stock chart...very helpful info! Fun Fun too...you can even buy a book on candlestick patterns...this was very helpful to me
you are very welcome! I didn't know a couple years ago either! If you have any further questions just hit me up and best of luck to you. Enjoy!
TR6767 You are correct...I just typed "cvsciences" in my search box in gmail and found the info
Invoice Number: INV-200734
Sales Order Number: 221532
Delivery Number: 196656
Your Reference: 242694
Fulfillment Date: Jan 3, 2019
Customer Number: WOO38428
Sure TR6767 I will check spam folder and get back to you
IT is hella fun! I Love it...its like a video game for adults...The charts I am using are from my Etrade Pro account, but you can chart for free using several different sites...like investing.com or stockcharts.com You can also pay to get better versions of using charts on those sites but you can mess around and learn a lot just click everything and google everything and youtube any indicator that you want to understand but watch multiple youtubers as some are more accurate and/or easier to listen to that others...the more you watch, the more you learn...the people I learned the absolut most from and still watch every youtube video they put out daily are Thechartguys THeir website with free and paid classes is called Thechartguys.com And Dan is a genius and I thank the Universe on a daily basis for his knowledge. You can join their chat room but there is a long waiting list and they move people who take their course to the top of the list. They only let 2 people in a day to minimize noob confusion in their room...You can also just watch every video he puts out whether you trade what he is talking about or not and you will no doubt learn a ton as I have over the last few years. between them and youtubing how to use indicators, and learning to chart yourself using free stuff till you want to upgrade...by the way, because CVSI is an OTC ticker, the free price charts are delayed 15 minutes...You can totally learn without joining a chat room...I used to belong to several different paid ones, but after you learn, you realize that they just become a distraction and with lots of "noise" that distract from just paying attention to the charts...they do help with getting breaking news faster though if something does happen in a stock...but the charts tell you everything you really need. Every night after dinner or sometime before bed I watch about 40 minutes worth of tech analysis from Thechartguys on youtube...Its relaxing to me and informative and once I understood all the terms he uses, Life changed for me in the best way. Follow him on youtube and twitter and dont give up. you can gain complete financial freedom in the most on purpose way for free from Dan that runs Thechartguys :D Blessings!!! Oh and you got the RSI thing backwards...sell over 70 and buy below 30 is what you are looking for with that
Finally took the steps to figure out how to upload a pic...Here is the hourly chart of CVSI that I just screen saved a min ago. The white horizontal line marks the neckline of the bearish head and shoulders that formed and broke with volume to confirm the move down (volume bars are at the bottom of the page and you can see the spike when the drop happened) That just means lots of traders knew to sell at that price break of 4.56 The other white lines that form a slightly tiltled "L" shape is called a bear flag. It does not mean that price will drop further, but it often happens especially when price is going up but volume is going down...this is called divergence when 2 indicators are opposing each other and usually means weakness in price movement...hence why I think price will make another move down. This may not finish playing out until tomorrow and if it does, you will see another candle down below the 4.32 low of today with another spike in volume and RSI dip down again. CLICK ON THE CHART TO SEE IT BIGGER ON YOUR SCREEN
Nasdaq is harder to uplist to than other exchanges
TR6767, I placed my order on 12/31 and the 2 emails I got days apart are exactly the same...order# 242694 invoice# is practically the same 242694-2018...I have received nothing else but my order is scheduled to be delivered tomorrow so I will let you know if there is anything different
If it doesn't happen today, it could easily happen tomorrow...the bear flag is still forming on the hourly...I think we see movement down further today before the close, and closing near the bottom of price action on any day likely means more follow thru the next day. The reason this is happening slowly after hitting 4.32 today is because the RSI (Relative Strength Indicator)hit an oversold level (levels that drop below 30) on several time frames of charts at the same time (which happened on the 5 min, the 30 min, and the hourly chart when it hit 4.32)...when this happens, a bounce usually happens...but it is happening with no follow thru and with declining volume in the hours since hitting 4.32...the shape of the candlesticks forming on the hourly chart is making a bear flag shape...google that and you will see an explanation and find pics...I think the bear flag is about to drop price lower today and probably continue tomorrow before bouncing again as the RSI levels will drop into oversold territory again...youtube how to read RSI and it will all be clear if you are not familiar with the language and the indicator. I totally taught myself all this and I was a hairdresser for 27 years before taking any interest at all into this arena...If I can learn it...Everyone can :D
I DID NOT CALL IT A BUY...I said I will place a buy order there but what I am stating is the important support levels...if it breaks the 4.15 then I look to the longer term chart for the 4.08 to break BEFORE I PLACE ANOTHER TRADE. THAT MAKES ME RIGHT ABOUT EVERYTHING I AM DOING NO MATTER IF IT BREAKS OR NOT...I CANT STAND YOU DUDE. YOUR M.O. IS TO INDUCE PANIC IN PEOPLE IN THIS ROOM AND YOU ARE NOT POSITIVE ABOUT CVSI AT ALL. YOU PLAY ON MY WORDS AND TWIST THEM TO TRY AND MAKE YOURSELF RIGHT>>>I DO NOT AGREE WITH YOU AND I CANT STAND THE LIKES OF YOU. YOU ARE POISON TO PEOPLE WHO HAVENT LEARNED YET AND THAT MAKES YOU A BAD INFLUENCE! THIS IS MY LAST RESPONSE TO YOU TODAY.
Glad to help...lol I love double entendres so on the positive/non risky side it means I am upping my account value...hope you UpYourz too :) and if the person is a jerk, well we know how its meant lol
On the all important hourly chart, we broke the support of 4.56 with volume today (which also was the neckline of a completed head and shoulders pattern) This indicates short term bearish movement and the next support on the hourly is 4.15...which has a lot of support at that price. When we zoom out to the daily chart for longer term info, the next support is at 4.08. As I stated last week when I posted about the 4.56 support break into further consolidation by the masses of swing traders that watch the hourly chart the most, and after a 22%+ gain in CVSI since the low on the 24th of Dec, that a pullback was likely and quite frankly preferred by traders in order to form a higher low on the daily (anything above 4.08) so that we can continue in a bullish direction after that. Long term investors need not worry or care about these moves except to learn when the masses of traders and algorithms make their moves for the best places on a chart to buy more. Again, these moves are completely supported on the hourly chart. Currently we hit a Low RSI on the 5min, 30min, and hourly chart and had a slight bounce from the 4.32 low to 4.46...however this looks to only be cooling off the oversold conditions on the RSI indicator and we look to be forming a Bear Flag on the hourly so I personally expect another drop but because there is so much support at the 4.15 price on the hourly...I will be placing a partial buy order just above that around 4.20...I will reserve some cash in case we break the next support on the longer term daily chart which is the 4.08 price I stated. Where did I learn most of my charting ski9lls which work extremely well...Thechartguys.com You can too. I still watch every free daily youtube video analysis they put out and it keeps my skills sharp. It took a while to "get it" but when it clicked, BOOM I got it!!! Good luck to you all and hopefully this sheds some light on why a stock moves the way it does...REGARDLESS of fundamentals ...The only thing that changes technical analysis is a big news announcement...and the new chief accounting officer is not big news and certainly not negative...this is solely chart technical movement and more accurate that Vandy's moving averages only analysis...Moving averages do indicate points on a chart and I do use them as confirmation tools, but nothing and I mean nothing works like pure support and resistance price action combined with volume and RSI levels.
The target price of 4.56 support on the hourly chart was breached by only 1 penny with no follow thru and bulls bought the dip with volume confirmation in the last hour. I would treat this as a double bottom and we could continue to see more upside as a result. However it is notable that CVSI has gained 22.3% since it's trend change on December 24th's low of 3.80 to the peak of 4.89 today. This may indicate a slight pullback or sideways movement before further continuation. I prefer the later so that it would allow for the following bull move to be greater than if we were to just continue from here. Either way, CVSI looks good and long term holders shouldn't fear the negative Vandies out there! Enjoy your weekends. Peace.
Until we lose the 4.41 on the hourly chart, then we are still supporting the trend change. If we lose that, it means our high on the daily has been set temporarily and we will see more pullback likely til oversold conditions on the hourly before buying starts again...Rinse, Repeat Price action is key...way more important than any other indicator.
You could listen to Vandy about drawing downtrend lines or you could pay attention to the very most important indicator on charts which is price action. When any chart shows candlesticks making a higher low and then a higher high, that is considered a trend change. CVSI has made this change on not only the hourly chart but also on the daily chart. Weekly has yet to do it and you will see some back and forth as always on charts until the trend is also changed on the weekly. The longer the time frame, the more solid the trend...The fact that it has done it on the hourly and Daily is a good sign and if you pay attention to this price action as a heavier weighting that trend lines and moving averages as per Vandy, You will be doing yourselves a large favor because my info trumps his and day of the week!
On the all important hourly chart, we have had nothing but higher lows since Dec 24th...When we lose the higher lows on the hourly, this indicates that our temporary daily high has been set and a pullback will be necessary before further forward movement unless news breaks. RSI levels on the hourly are in the extended range above 73 at the moment and it looks like we are moving sideways for a bit to cool it off before another run...Again, long as we maintain higher lows on the hourly, then we are still trending UP. The support that would change this if it broke is $4.41 at the time of this writing.