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I'm holding 30k shares from .01 and 15k from .10. Damn I with I bought a lot more at .01
Targets are .40 .57 .77
CBIS found support at a major trendline and is now following it back up. Look how THICK this trendline is. represents a long and strong trend UP.
CCI, RSI both confirm this thing is headed up.
he's right, they tried to flush this and nobody had sell orders, people are holding and not sitting there with sell limits in place.
That's good, no flush, and more accumulation.
people were chasing the run-up and now volume slows during consolidation. When it breaks out, volume will come back in again and people will start chasing.
Buying on retrace into low volume in a pullback is 'smart money' cause you are getting in early before the crowds.
How does thois work?
How are MMs able to hold price down? Ive never understood this. It sounds like an urban legend
Strong support at .14. I wouldn't wait. Buy half now and half at .10 or .08 if 14 break and holds EOW. I really wouldn't count on it though.
great chart, you nailed it.
Follow the falling wedge / flag, it could hit .155
What is e ubss situation
Low Volume does NOT mean retrace, it can also mean horizontal consolidation and consolidation into a pennant like we see now. Agreed volume will break us out onto the next leg up, ut low volume horizontalndays are healthy consolidation.
Pennant formation, going higher. Next stop 19
Why today. 50% retrace complete, stocasics turned up at the 50. Very strong chance of beating .24
Nah, it still closed up, the pattern is showing there is still some distribution and flippers nut we are starting to move into accumulation. A good time to reenter IMHO.
Stochastics still look good, support is at .14, weekly is at key levels and holding
I'm on my iPad, so I can't really annotate a chart daily from here but I can give you some key levels..
.14 support1
.13 support2
.10 support3
.18 minor resistance
.24 recent top
Target1 .26 200 ma weekly
Target2 .28
Target3 .38
Target4 .44
Watch thestocasicsfor continuation vs divergence. .14 support is KEY on the weekly
It'd still in the tail end of distributor, the.01 to .03 crowd is churning out and new money is coming in
This will go part.24 again very soon. Chart is so certain one could almost say it has already happenedjust not yet. Man, I've been watching too much Fringe.
Weekly close over .14 very bullish. Expect at least a 3x rise from here. Very strong ickimoku chart
Volume will come in shortly; the pullback from .24 scared some of the new people but the chart has fully reset with a postiive stochastics bullish move over the 50. Alot of room here to go higher.
We had tons of accumulation on the way up then some distribution from .24 down. We are still in the tail-end of the distribution phase. More accumulation starting now/soon.
We are definitly not at a top yet.
Could easily run to $1+ and forsure .40-.60
Next target .44 - .67 which will drve a weekly bullish golden cross and take us over $1 in the longer term towards nov.
Positive divergence rolling into longer time frames. Now visible on 3 5 15 30. Ready to go higher. Monday should be a good day
25 mil in the first hour and a half? Besides even if volume does dip that is normal in consolidation
They broke .30 cents and then some in 2008 ca prop 19 hype. Now there are what.., 15 states going for med or full legalization. All those people will hunt for cannabis stocks closer to nov.
That alone could push it to .60- 1.00
Cancer stuff is just icing. CBIS is in a much better pos. Then in 2008
Come on is this that hard to interpret. They are finalizing with the manufactures and in concert with the nationwide distribution. Its a circular process, manufacture prototype, approval from distribution partners, then finalize distribution agreement
Who released THC e cigs?
It's actually smart to start with nation wide distribution for cosmetic products. this will put them in every store, pharmacy and Walgreens.
This will boost revenue so they can be cash flow rich and focus on the rest ofthe business.
Timing of the pr was a little weird tho.
Falling wedge, MACD positive div. On 3 and 5 min charts
Very bullishnsetup.
Sorry I was a little premature calling div at .15 since price hadn't even made a lower low.
Positive divergence in stochastic on 3 min chart
in fact, it is starting 'now'
getting very close; trendline support is rising, this will push it back over .17 soon and then it will start running.
Timing: Good chance for a breakout in the next 60-90 minutes; maybe sooner.
Andrews Pitchfork;
If you draw an Andrew's pitchfork on the chart, you can see that this retrace into the .15-.16 area is the first major consolidation into what is a very nice thick uptrend channel. It hit the top band of the channel at .24 and is now carving out the lower end of the upward channel. Once this consolidation is done, we should see another very strong run, even better then what we've seen so far.
if you missed .01 and .03, .05 .15-.16 is the next place to buy.
chart is returning to healthy angles (~45 deg); was getting parabolic, chart looks very healthy and close to another breakout.
Actually any close over >.16 will point to another strong leg up. Especially with a close >.17. Under .16 could give either horizontal or further retrace correction. With the way the rest of the chart looks, I'm betting on further bullishness or horizontal correction.
No divergence yet.
up up and away.
So as I suspected CBIS tested the 14sad is now making new high of the day. A close over .16 is bullish, would like to see greater the .17. Could retest or break .24 today also
So as I suspected CBIS tested the 14sad is now making new high of the day. A close over .16 is bullish, would like to see greater the .17. Could retest or break .24 today also
So as I suspected CBIS tested the 14sad is now making new high of the day. A close over .16 is bullish, would like to see greater the .17. Could retest or break .24 today also
Charts say we could move anywhere between .14 and .24 but I expect a pennant type formation, so tightening first between 18-22 area before a new break and a true attack of the 200ma-weekly.
.20 is certainly in the probability zone for Friday, or possibly tomorrow.
Alternatively, any good news could push this to the next level even sooner.
Thanks for the tips.
I prefer to look for divergence instead of just using 30/80 since it can stay overbought/oversold for sometime and that can be where the best runs are. You sound like you take that into account in your system and have the timing down pretty good though, since you caught the waves nearly perfect.
I also can see the divergence present using the 30 minute chart with stochastics.
Part of my problem is I use Interactive Brokers, and I can't have a giant flashing quote screen up while I'm in the office. Is there any good mobile app, either for Android or IPAD that can do intraday charts with good indicators?
Maybe I will try my first intraday swing trade with CBIS the next time I see a setup.
Well there's nothing to say that CBIS formulation is 'cut' or not as good as whatever you could do at home. I'm not sure what their formulation is, but it's likely as good or better in the case of CBIS.
But point taken, people are sheep :)
Help me swing trade. I know enough t/a to know I misdeed the best opportunity today. Do you think there will he another one at these levels.
I called the last one at .o7 to.035 which was almost exactly the last pullback. Unfortunanty I did not execute or I could have doubled my shares.
Any thoughts on the next good opportunity? Should I be looking for interday or a 3-5 swing. Longer swings seem risky with the amount of news coming out.