CV Sciences Inc (CVSI)

[TheMonolith]

CVSI Update

Congrats on the GRAS news! This is a great thing to have under their belt.

I've been asked for my take from here:

It's a cloudier situation than when I offer some opinions in the past, so with that comes lower probability of my opinion being correct. I don't have a whole lot to add at this time.

I still think it's imperative, from the way I'm viewing the CVSI situation, that they get up-listed. I still have reservations on if they'll get accepted from the past SEC issues, and having the son of the one who caused the issue, at the helm. I'm not saying they won't get up-listed, just that it is a possible reason they won't.

Technically, that 5.50-6.0 area is a tough, tough resistance area. 4.50 is a support area you'd want to see hold on any test.

The good news is that this price action assures that price won't be the reason they don't get up-listed.

Watching for a more clear-cut technical and fundamental situation.