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CBIS is breaking out right now! Cannabis stocks (CBIS, CLNP, MJNA, PHOT) -- all poised in wake of election.
CBIS is breaking out right now! Cannabis stocks (CBIS, CLNP, MJNA, PHOT) -- all poised in wake of election.
PHOT - getting ready to break .05.. part of a HOT HOT HOT cannabis sector. (i.e. 'mjna', 'cbis', 'hemp', 'clnp', etc). 'PHOT' has a low float and is technically ready...
READ the 9th paragraph (below)
http://www.marketwatch.com/story/businessmen-bank-on-marijuana-as-colorados-green-rush-approaches-in-the-medical-marijuana-industry-with-hemp-inc-pinksheets-hemp-leading-the-charge-2012-10-26?siteid=bigcharts&dist=bigcharts
PHOT - getting ready to break .05.. part of a HOT HOT HOT cannabis sector. (i.e. 'mjna', 'cbis', 'hemp', 'clnp', etc). 'PHOT' has a low float and is technically ready...
READ the 9th paragraph (below)
http://www.marketwatch.com/story/businessmen-bank-on-marijuana-as-colorados-green-rush-approaches-in-the-medical-marijuana-industry-with-hemp-inc-pinksheets-hemp-leading-the-charge-2012-10-26?siteid=bigcharts&dist=bigcharts
PHOT - getting ready to break .05.. part of a HOT HOT HOT cannabis sector. (i.e. 'mjna', 'cbis', 'hemp', 'clnp', etc). 'PHOT' has a low float and is technically ready...
READ the 9th paragraph (below)
http://www.marketwatch.com/story/businessmen-bank-on-marijuana-as-colorados-green-rush-approaches-in-the-medical-marijuana-industry-with-hemp-inc-pinksheets-hemp-leading-the-charge-2012-10-26?siteid=bigcharts&dist=bigcharts
PHOT - getting ready to break .05.. part of a HOT HOT HOT cannabis sector. (i.e. 'mjna', 'cbis', 'hemp', 'clnp', etc). 'PHOT' has a low float and is technically ready...
READ the 9th paragraph (below)
http://www.marketwatch.com/story/businessmen-bank-on-marijuana-as-colorados-green-rush-approaches-in-the-medical-marijuana-industry-with-hemp-inc-pinksheets-hemp-leading-the-charge-2012-10-26?siteid=bigcharts&dist=bigcharts
you're seeing shifts in all these cannabis stocks... I sold my 'HE**' today and just put it all into 'PHOT' here at .044.. I agree that it is setting up for a breakout above 5... you're gonna get 8-10 out of this (short-run)
HEMP Check pr link from this morning... HEMP compared to 'amazon' of medical cannabis industry. Hemp's recent consolidation could break higher (once again) - with this PR's re-affirmation.. Bottom line: these stocks (HEMP, MJNA, & PHOT) are just now getting attention (election measures showing support) & are poised for significant upside. These have low floats as well. For HEMP, if a move does happen today -- and it breaks .09, momentum should take over.. meaning --- it could get to 12/13 by eod..
http://www.marketwatch.com/story/businessmen-bank-on-marijuana-as-colorados-green-rush-approaches-in-the-medical-marijuana-industry-with-hemp-inc-otc-hemp-leading-the-charge-2012-10-25?siteid=bigcharts&dist=bigcharts
HEMP Check pr link from this morning... HEMP compared to 'amazon' of medical cannabis industry. Hemp's recent consolidation could break higher (once again) - with this PR's re-affirmation.. Bottom line: these stocks (HEMP, MJNA, & PHOT) are just now getting attention (election measures showing support) & are poised for significant upside. These have low floats as well. For HEMP, if a move does happen today -- and it breaks .09, momentum should take over.. meaning --- it could get to 12/13 by eod..
http://www.marketwatch.com/story/businessmen-bank-on-marijuana-as-colorados-green-rush-approaches-in-the-medical-marijuana-industry-with-hemp-inc-otc-hemp-leading-the-charge-2012-10-25?siteid=bigcharts&dist=bigcharts
HEMP Check pr link from this morning... HEMP compared to 'amazon' of medical cannabis industry. Hemp's recent consolidation could break higher (once again) - with this PR's re-affirmation.. Bottom line: these stocks (HEMP, MJNA, & PHOT) are just now getting attention (election measures showing support) & are poised for significant upside. These have low floats as well. For HEMP, if a move does happen today -- and it breaks .09, momentum should take over.. meaning --- it could get to 12/13 by eod..
http://www.marketwatch.com/story/businessmen-bank-on-marijuana-as-colorados-green-rush-approaches-in-the-medical-marijuana-industry-with-hemp-inc-otc-hemp-leading-the-charge-2012-10-25?siteid=bigcharts&dist=bigcharts
HEMP flag formation could break here with this PR release.. May not happen today (fri) - but if it does -- momentum should take over.. meaning --- this could get to 12/13 by eod..
http://www.marketwatch.com/story/businessmen-bank-on-marijuana-as-colorados-green-rush-approaches-in-the-medical-marijuana-industry-with-hemp-inc-otc-hemp-leading-the-charge-2012-10-25?siteid=bigcharts&dist=bigcharts
HEMP - a few trades away from yet another breakout -- fueled by strength in CLNP, 60 minutes report (from SUnday) and blue-sky situation. Entire industry on the move: RFMK, PHOT, MJNA, CBIS, & HEMP.
HEMP - a few trades away from yet another breakout -- fueled by strength in CLNP, 60 minutes report (from SUnday) and blue-sky situation. Entire industry on the move: RFMK, PHOT, MJNA, CBIS, & HEMP.
HEMP - a few trades away from yet another breakout -- fueled by strength in CLNP, 60 minutes report (from SUnday) and blue-sky situation. Entire industry on the move: RFMK, PHOT, MJNA, CBIS, & HEMP.
HEMP - a few trades away from yet another breakout -- fueled by strength in CLNP, 60 minutes report (from SUnday) and blue-sky situation. Entire industry on the move: RFMK, PHOT, MJNA, CBIS, & HEMP.
Hemp - a few trades away from a real time breakout. l2s are thin!
one left on l2 at 84 --- this is getting ready to break out again! ... CL** poised for 2nd breakout (of the day) as well..
if these 59s and 6s fall -- you're going to see a run... penny not out of the question today folks..
just bought 35,000 shares at 39.. think this breaks to 7 or 8 next
shake-outs are common with low-floaters. if you're on the sidelines , dont be the last one in before this flies..
classic drop before the pop... L2s are thin (only 48K at .004 right now).. I wouldn't be surprised to see a breakout above 5 today.
agreed 'larry888', this triangle is very telling... Although I think it marches higher first, dont be alarmed if you see a quick shake-out before the breakout.. aka the 'drop-before-the-pop'. Bottom line is that this triangle (daily chart) is lining up just under resistance.. and is - without a doubt - bullish. We are at the end of CLNP's short-term consolidation -- with a breakout past .005 imminent.
Today was the 'set-up' day for CLNP's next push higher. Fridays are generally slow trading days. However..., I wasn't surprised to see CLNP finish in the upper-3s. The trend is our friend here.. & CLNP's higher-highs and higher-lows are now firmly in place. Today's test of 3 is significant. It was a short, sharp pullback with a positive outcome. Stocks can be symmetrical at times (technically). A short pullback (whether monthly, daily, or intraday) - is often followed-up by an equally sharp rebound. This is especially apparent during 'wash-out' periods, when sellers are finally exhausted.
I think CLNP is poised for a breakout. And soon. We all know the float is thin & a PR is the fuel. However the technicals suggest a more organic, determined move toward a penny or two. It's putting in the time down at these levels.. Like a train getting ready to pull out of the station. Dont get me wrong, this stock is a trader's paradise. CLNP is a volatile little bugger. A quick 5 - 10 ticks can be captured every other day. I've done some of this, but am now leaning toward the buy and hold idea. I just think the move is coming soon, and I ain't chasing. All of you & I are the early birds here. This will get to 1 penny - 1.5 penny soon. Dont believe me? Check these out:
MACD - Peaked over zero yesterday. Is crossing. No brainer
RSI (14) - stair-stepping up in the 'buy-zone' here .
TRIX - Converging right above zero.
These oscillators scream: -- What are you waiting for!! Get In!!
Volume is telling too. Clnp exhausted the last of the sellers a few days back -- remember those sloooowww 3 mill vol days in there? Now we're churning. Back above 10 mil shares / day last few days (forgive today - pre-holiday) . Guess what.. that ain't slowing down anytime soon!. Volume is confirming reversal in trend - within it's longer-term trend.
So to all you new folks thinking about investing, - I say 'Go for it!'. This company, unlike many pinks, is growing, making money.. Charts eventually reflect this. With the float, increasing momentum, accumulation/dist, you're going to see a mover and a # 1 Hubber pretty soon. Trust me.
GL
Thanks Disher. I've enjoyed your contributions on here. I took the liberty of posting my thoughts on some of the other ihub boards.. I wanna move this puppy!! Good Luck man
A case for 'CLNP' - part of a hot beverage / pink area.
Per CLNP's recent activity. . .
I agree that Fri is the 'set-up' day for CLNP's next push higher. Fridays are generally slow trading days. However..., I wouldn't be surprised to see CLNP test the 4s. The trend is our friend here.. & CLNP's higher-highs and higher-lows are now firmly in place. Today's test of 3 is significant. It was a short, sharp pullback with a positive outcome. Stocks can be symmetrical at times (technically). A short pullback (whether monthly, daily, or intraday) - is often followed-up by an equally sharp rebound. This is especially apparent during 'wash-out' periods, when sellers are finally exhausted.
I think CLNP is poised for a breakout. And soon. We all know the float is thin & a PR is the fuel. However the technicals suggest a more organic, determined move toward a penny or two. It's putting in the time down at these levels.. Like a train getting ready to pull out of the station. Dont get me wrong, this stock is a trader's paradise. CLNP is a volatile little bugger. A quick 5 - 10 ticks can be captured every other day. I've done some of this, but am now leaning toward the buy and hold idea. I just think the move is coming soon, and I ain't chasing. All of you & I are the early birds here. This will get to 1 penny - 1.5 penny soon. Dont believe me? Check these out:
MACD - Peaked over zero today. Is crossing. No brainer
RSI (14) - stair-stepping up in the 'buy-zone' here at 59.
TRIX - Converging right above zero.
These oscillators scream: -- What are you waiting for!! Get In!!
Volume is telling too. Clnp exhausted the last of the sellers a few days back -- remember those sloooowww 3 mill vol days in there? Now we're churning. Back above 10 mil shares / day last few days. Guess what.. that ain't slowing down anytime soon!. Volume is confirming reversal in trend - within it's longer-term trend.
So to all you new folks thinking about investing, - I say 'Go for it!'. This company, unlike many pinks, is growing, making money.. Charts eventually reflect this. With the float, increasing momentum, accumulation/dist, you're going to see a mover and a # 1 Hubber pretty soon. Trust me.
GLTA
A case for 'CLNP' - part of a hot beverage / pink area.
Per CLNP's recent activity. . .
I agree that Fri is the 'set-up' day for CLNP's next push higher. Fridays are generally slow trading days. However..., I wouldn't be surprised to see CLNP test the 4s. The trend is our friend here.. & CLNP's higher-highs and higher-lows are now firmly in place. Today's test of 3 is significant. It was a short, sharp pullback with a positive outcome. Stocks can be symmetrical at times (technically). A short pullback (whether monthly, daily, or intraday) - is often followed-up by an equally sharp rebound. This is especially apparent during 'wash-out' periods, when sellers are finally exhausted.
I think CLNP is poised for a breakout. And soon. We all know the float is thin & a PR is the fuel. However the technicals suggest a more organic, determined move toward a penny or two. It's putting in the time down at these levels.. Like a train getting ready to pull out of the station. Dont get me wrong, this stock is a trader's paradise. CLNP is a volatile little bugger. A quick 5 - 10 ticks can be captured every other day. I've done some of this, but am now leaning toward the buy and hold idea. I just think the move is coming soon, and I ain't chasing. All of you & I are the early birds here. This will get to 1 penny - 1.5 penny soon. Dont believe me? Check these out:
MACD - Peaked over zero today. Is crossing. No brainer
RSI (14) - stair-stepping up in the 'buy-zone' here at 59.
TRIX - Converging right above zero.
These oscillators scream: -- What are you waiting for!! Get In!!
Volume is telling too. Clnp exhausted the last of the sellers a few days back -- remember those sloooowww 3 mill vol days in there? Now we're churning. Back above 10 mil shares / day last few days. Guess what.. that ain't slowing down anytime soon!. Volume is confirming reversal in trend - within it's longer-term trend.
So to all you new folks thinking about investing, - I say 'Go for it!'. This company, unlike many pinks, is growing, making money.. Charts eventually reflect this. With the float, increasing momentum, accumulation/dist, you're going to see a mover and a # 1 Hubber pretty soon. Trust me.
GLTA
A case for 'CLNP' - part of a hot beverage / pink area.
Per CLNP's recent activity. . .
I agree that Fri is the 'set-up' day for CLNP's next push higher. Fridays are generally slow trading days. However..., I wouldn't be surprised to see CLNP test the 4s. The trend is our friend here.. & CLNP's higher-highs and higher-lows are now firmly in place. Today's test of 3 is significant. It was a short, sharp pullback with a positive outcome. Stocks can be symmetrical at times (technically). A short pullback (whether monthly, daily, or intraday) - is often followed-up by an equally sharp rebound. This is especially apparent during 'wash-out' periods, when sellers are finally exhausted.
I think CLNP is poised for a breakout. And soon. We all know the float is thin & a PR is the fuel. However the technicals suggest a more organic, determined move toward a penny or two. It's putting in the time down at these levels.. Like a train getting ready to pull out of the station. Dont get me wrong, this stock is a trader's paradise. CLNP is a volatile little bugger. A quick 5 - 10 ticks can be captured every other day. I've done some of this, but am now leaning toward the buy and hold idea. I just think the move is coming soon, and I ain't chasing. All of you & I are the early birds here. This will get to 1 penny - 1.5 penny soon. Dont believe me? Check these out:
MACD - Peaked over zero today. Is crossing. No brainer
RSI (14) - stair-stepping up in the 'buy-zone' here at 59.
TRIX - Converging right above zero.
These oscillators scream: -- What are you waiting for!! Get In!!
Volume is telling too. Clnp exhausted the last of the sellers a few days back -- remember those sloooowww 3 mill vol days in there? Now we're churning. Back above 10 mil shares / day last few days. Guess what.. that ain't slowing down anytime soon!. Volume is confirming reversal in trend - within it's longer-term trend.
So to all you new folks thinking about investing, - I say 'Go for it!'. This company, unlike many pinks, is growing, making money.. Charts eventually reflect this. With the float, increasing momentum, accumulation/dist, you're going to see a mover and a # 1 Hubber pretty soon. Trust me.
GLTA
Today's test of .003 is the 'drop-before-the-pop' !
I agree that Fri is the 'set-up' day for CLNP's next push higher. Fridays are generally slow trading days. However..., I wouldn't be surprised to see CLNP test the 4s. The trend is our friend here.. & CLNP's higher-highs and higher-lows are now firmly in place. Today's test of 3 is significant. It was a short, sharp pullback with a positive outcome. Stocks can be symmetrical at times (technically). A short pullback (whether monthly, daily, or intraday) - is often followed-up by an equally sharp rebound. This is especially apparent during 'wash-out' periods, when sellers are finally exhausted.
I think CLNP is poised for a breakout. And soon. We all know the float is thin & a PR is the fuel. However the technicals suggest a more organic, determined move toward a penny or two. It's putting in the time down at these levels.. Like a train getting ready to pull out of the station. Dont get me wrong, this stock is a trader's paradise. CLNP is a volatile little bugger. A quick 5 - 10 ticks can be captured every other day. I've done some of this, but am now leaning toward the buy and hold idea. I just think the move is coming soon, and I ain't chasing. All of you & I are the early birds here. This will get to 1 penny - 1.5 penny soon. Dont believe me? Check these out:
MACD - Peaked over zero today. Is crossing. No brainer
RSI (14) - stair-stepping up in the 'buy-zone' here at 59.
TRIX - Converging right above zero.
These oscillators scream: -- What are you waiting for!! Get In!!
Volume is telling too. Clnp exhausted the last of the sellers a few days back -- remember those sloooowww 3 mill vol days in there? Now we're churning. Back above 10 mil shares / day last few days. Guess what.. that ain't slowing down anytime soon!. Volume is confirming reversal in trend - within it's longer-term trend.
So to all you new folks thinking about investing, - I say 'Go for it!'. This company, unlike many pinks, is growing, making money.. Charts eventually reflect this. With the float, increasing momentum, accumulation/dist, you're going to see a mover and a # 1 Hubber pretty soon. Trust me.
GLTA
It's interesting that CLNP's older brother BB** is also lining up technically.. Both are spring-loaded under key resistance pts... A push (with volume) -- & these will move in tandem. Having sold BB**, I'm now in CLNP -- given that I'm a whore for % returns.. I think CLNP's low float will give it the edge between the two going forward..
MACD (12,26,9) - Edge: CLNP -- has re-crossed after consolidation - above zero & improving daily; BB**'s MACD hasn't crossed yet (although lines are converging) & remains under zero (for now)
RSI (14) - Edge: Tie / CLNP -- Both are in the buy zone > 50 ; (CLNP: 67; BB**: 54)
Volume - Edge: Tie -- Sellers have been exhausted & shifts are expected.. For CLNP: anticipation per it's 09-20 PR release should signal a technical breakout.. BB**'s overdue for news too. CLNP needs to consistently beat 30-50 mill / day in volume for me to take notice. IHUBBERs will too . then it's all she wrote.
I think a move is imminent. Part of me thinks that BB** will help to serve as a catalyst -- per CLNP's future track. I think there's correlation there. Has to be.. recent moves are in sync.
CLNP could accelerate with it's 09/20 release. (hoping it lives up to the hype).
Finally I must admit that CLNP not being in the IHUB top 10 right now is a good thing. It's still represented on the buzz cloud and the breakout boards..., But still slightly under the radar . I like that it's forming higher highs and higher lows in anticipation. The technicals look good. Still I would like to see a green day tomorrow. NEEDS to head back into the 3s. GLTA ..
I agree that CLNP has the best chart out there... I went through 100 symbols this weekend & couldn't come up with anything better.
To me, it's all about CLNP getting past $.0035... On Fri, it came to within a few ticks of this.. An expected PR on the 20th paves the way for CLNP to move past resistance (ahead of time). Friday's technicals support a breakout here. MACD has crossed over, RSI is heading higher (not at any 'overbought levels' either), & accum / dist looks strong too. A move past $.0035, accompanied by a positive shift in volume (30 - 50 mll share day - for starters), will all but confirm to me --- a subsequent, momentum-fueled pop to a penny.. That's real money folks.. Even though this low floater will bounce along the way, it should follow in the footsteps of BBDA & deliver a hell of a return.
I was fortunate enough to sell BBDA at .01446 after buying it a week earlier at .0042. I took my proceeds and put it into CLNP at $.0027.. Unfortunately ,I was about a week to early. I lost out on a 'BBDA'- (bounce) swing play.. As BBDA tripled of of its lows, I had to endure 'CLNP's wild ride (aka 'pullback') down to .0011. But fortunately, I am finally back into the green as of Fri's close. CLNP's ability to charge right back from the depths makes me more excited now than ever before. I'm all about the chart here. CLNP's re-testing of resistance is showing me that the energy is still here, & that it's gearing up for a showdown with $.0035.. The updates (forthcoming) will serve as the catalyst. Anticipation, momentum, low float --- will take care of the rest..
This is a no-brainer people.. It's on the breakout boards -- but still a little bit under the radar.. Breaking $.0035 will change all that. GLTA --
I've been watching from afar for over a month now.. Listening to the 'herd' shift direction time and time again. None of this was so apparent than over that awful weekend where the 8-k came out.. Boy -- that herd was really hoping on a different result.
So since then, the herd has been a bit desperate -- a bit scatterbrained -- somewhat schizophrenic. One day - a buddy of mine said '**** it' ... I threw a few leftover bucks at asyie --- & created a 911 trade on the level 2s.. Someone on IHUB came back and proclaimed market-maker manipulation. Then a few others bought into the conspiracy.' I couldn't help but laugh. I had seen those '911' trades before.. I thought WIlliam Shatner was buying up lots.
Anyway back to ASYIE-- what's going on here technically? That video chart (from earlier tonight) does a pretty good job of highlighting some positive developments:
MACD -- been trending back to zero (from neg terr) with avgs converging. All good signs
RSI - in buy zone (40ish) - with plenty of room before 'overbought' levels
Volume - Today was clearly a green day.. on explosive volume.. you'd have to be blind not to pick up on this reversal signal. Think about it.. sellers are exhausted -- short interest high -- basically, if this stock opens strong, gains momentum, breaks into the mid / upper 3s, then buyers who panicked out, sat on the sidelines, etc - will start chasing. DOnt let the herd catch you on this flipside.. especially if you're now on an outsider looking in.
Accum/Dist -- bounced off of 'depressed' lows Tuesday.. Good recovery.
On the absence of news, ASYIE had eroded for days. It just wanted to satisfy that mid-march support level. Easy to say now right? I suppose that's the reality when prs get delayed, etc. Anyway, I've had to counsel a friend of mine who has been very long this stock -- & who has averaged down 5 or 6 times by now just to stay within reach of his cost basis. I've encouraged him to be patient and not panic out..
Sure ASYIE has created more questions than answers. When there's doubt around, I like to turn to the charts for guidance. Today's healthy bounce (with volume) -- off of support was refreshing to say the least. Today was a reprieve for my friend. Now we're banking that with the 10K "deadline' approaching -- this dead cat will bounce on anticipation.. As with the recent 8-k event, it's all about buying on the rumor and selling on the news. We're looking for higher highs and higher lows.. We're keeping it simple on this next time around.. The 'trend will be our friend'! Any serious complications, & we're out!
It was my friend who found this stock. He should've done a little more research at the time.. But he saw that move in March & jumped into the frenzy. Lessons have been learned.. But even after the dust settling, we still think there's an opportunity here.. Trust me , eyes are on this one.. Constantly in Ihub's top 10... even on slow days.. There's a pulse here people.. and it's beginning to race. Best of luck to all..
I have a very little stake in this stock.. It's basically my lottery ticket -- & perhaps there will be one of those crazy days (a long long time from now) - where I'll wake up to see a move unlike no other. Oh yes.. ,I can dream.
I've seen dormant stocks come back to life.. It happened with me with 'HPNN' (now asleep again).. Anyway, I held that loser for 3 long yrs without any move at all.. & then - 'Boom - to the roof!' - out of the blue!
It's all about catching the wave. All these pennies are like firecrackers. Once they pop -- they're dead... Those left holding the bag either bail or hunker down for the duration. I'm gonna 'hunker' with this one.. Hell I dont know.. What do I have to lose at this pt? Haha.. GLT 'A' * * is 'all' just me? Haha!
So what should one look out for while CBIS is trading sideways on no volume? : the chart and its related indicators!.. These are valuable representations of our human thought process & our corresponding conviction in the direction of Cannabis Science. Indicators give us signals and foreshadow upcoming moves in a stock's price. They reveal those ever-so-slight movements and thought processes that come from the proverbial 'herd'. Understanding the herd is the golden ticket here.
After checking out some key oscillators for CBIS, I'm left thinking that she's primed to move. These biopsy results (which I believe to be imminent) - will serve as the catalyst needed to confirm an upward shift in CBIS's trend. Although we could touch the 50 day moving average (a very quick likelihood), I think a resulting 'pop' would be even more dramatic.
RSI (14) has leveled off just under 50. It last leveled off at this exact area back in mid-February -- just before its dramatic move from $.03 to $.25... PRIMED!
MACD holding above zero as the histogram curls higher. This trend-following / momentum indicator shows support these levels. Even the more flattened related 'TRIX' (15,9) shows a bottoming out (just above zero)..
Accum / Dist - during these last few sideways days, this is curling up.. Very telling.
Point is that even amidst this uncertainty - on the charts, the indicators are pointing to a more bullish direction.. GLTA