My Elliott Wave Theory analysis is rusty but CANB looks to be forming a multi-year rounding bottom starting a new wave cycle.
If wave cycles continue, CANB could test $.10 near-term, perhaps $.15 longer-term and even $.20, but over multi-year time frame.
Since this is a short-term swing trading board, I suggest you trade the short-term wave cycles of days/weeks to maximize your gains from patterns of dips and pops (And to minimize losses) as you ride the grand wave cycle over years.
I hope this helped.
If wave cycles continue, CANB could test $.10 near-term, perhaps $.15 longer-term and even $.20, but over multi-year time frame.
Since this is a short-term swing trading board, I suggest you trade the short-term wave cycles of days/weeks to maximize your gains from patterns of dips and pops (And to minimize losses) as you ride the grand wave cycle over years.
I hope this helped.
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