United Cannabis Corp. (fka CNABQ)

[dragon52]

Jmho... next resistance point for CNAB

Trying to plot resistance is a technical science that I have yet to master...though making many errors, do find some gems along the way. Like today, it had some resistance moving forward until the last 15 - 20 minutes of trading. It was going back and forth between 1.16 - 1.23 or there abouts (A.)... until pressure came from the outside and pushed it higher to close HOD.

Monday should be stellar as imo think that it will hit 1.50 early on but will stagnate between 1.53 - 1.60 (B.). This is due to some minor horizontal resistance only Fibonacci students can figure out, but again with some outside pressure should be able to overcome easily.

It also appears that should the above be true, then C. and D. are the next points that will come to pass. One must also note that since it is a sideways type resistance and not a true horizontal resistance, it is some what easier to over come with some pressure (volume) at those areas.

Next Resistance Points - projected


Again, this is just a SWAG so don't take it for gospel... after all if you believe in Murphy's Law, "...anything can happen, and will..."