Ubiquitech Software Corp (UBQU)

[TrendTrade2016]

CBD is a great space in pot industry and this company had done well. 100% increase in quarterly sales is the reason why there is so much accumulation on this bottom. Whatever seller wanted out it appears they are done. But the accumulating indicators suggest a reverse may be down the Rd. In the mean time the daily bands are ready for a bounce as the averages find their postions. I see a 200 SMA as a possible target before we see a major pullback. Expect volilitility along the way due to no trend in place.

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