CV Sciences Inc (CVSI)

[MarketMakerChartist]

Just my nickel:

As an analyst, I like speed and change of direction the last 2 days. "Fast Money" moves that persist (whether Bear or Bull), and subsequently sustain a level as manifested today, are very constructive.

To my pleasant surprise, price tapped the "return to mean" price I mentioned in a previous post @ $5.00 3 days faster than I calculated had the move been "average". Sweet. With that said...

Price has attained what we would call "Fair Value" at the Mean at the $5.00 level. How price behaves above or below this level in the days (or weeks) ahead will lend further guidance on...

1. More follow through higher
2. A stall with a few days of side ways consolidation
3. Some Profit-taking on Friday with some minor retracement downside.

Although it need not be said, any substantive news, pos or neg, could become serious catalyzing drivers higher or lower. In my opinion, there's a tremendous amount of pent up "energy" in the industry. And not to sound like a broken record, but now with the FB all but penned by the Prez, there are likely yet publicly un-announced deals that are pending. Any "marriage" between CVSI products and a large multi-retail chain as the end user of CBD will throw CV Sciences into warp drive. "Money talks". Any pending lawsuit or prove-able SEC infraction costs will pale from the massive income from CV's sales, whether through retail or wholesale supplying of CBD.

Lastly, the $6.00 / $6.50 levels remain the topside resistance. Will be interesting so observe the price behavior on those prices approach. Congrats to all Long Holders and those of you who added at lower levels.