CV Sciences Inc (CVSI)

[UpYourz]

The target price of 4.56 support on the hourly chart was breached by only 1 penny with no follow thru and bulls bought the dip with volume confirmation in the last hour. I would treat this as a double bottom and we could continue to see more upside as a result. However it is notable that CVSI has gained 22.3% since it's trend change on December 24th's low of 3.80 to the peak of 4.89 today. This may indicate a slight pullback or sideways movement before further continuation. I prefer the later so that it would allow for the following bull move to be greater than if we were to just continue from here. Either way, CVSI looks good and long term holders shouldn't fear the negative Vandies out there! Enjoy your weekends. Peace.