Abattis Bioceuticals Corp. (ATTBF)

[Mansa_Musa]

This week nothing will be happening, the stock will continue to fall sharply. If you study technical analysis & charting it's quite apparent. It will also reach a point of stagnation in the .35-.25 range for at least 3-5 weeks. Buyers should definitely wait until next week when it reaches a decent range(.35-25 range). Anyone buying now will be buying less shares for more money..... Which is not smart.

Here is proof this stock will reach the 30's - upper 20's

http://scharts.co/1oxdsbV

If you look at the chart, you will see a classic down axil with lots of red sell-offs after the peak (7-23-2014). You will also spot typical double headed bear flags, on 7-25-2014 after the initial dip at the opening. Which CLEARLY indicates this stock is not finished from falling.. Not to mention the FIVE shoulder dips on 7-22-2014. It's clear as day.

Again as I've stated before, it's not just ATTBF going through this decline, it's the entire sector as a whole. It's only temporary though.

In the future I feel ATTBF could possibly be a decent player in the MMJ industry. But right now until Health Canada starts to expedite their job, ATTBF as well as others in the industry will go through a decline.


If you are long ATTBF you have nothing to worry about! If you invested in ATTBF a long time ago, I'd encourage you sell a bit and take a few profits while it's in the 50's. It will not be there by the end of the week. And it will stay low until HC approves.