Nascent Pharma Holdings Inc (NASC)

[ryoo]

My two cents on CANB

First off, I have read every post on this thread nearly daily for over six months now. I found this forum after I began trading CANB last year.

There are several of you that have excellent DD and analyses of all the fundamental data and I’m stoked you take the time to put all that together.

I’m in CANB because of the technicals, I pay almost no attention to fundamentals until I’m trading it, and then I pay attention to fundamentals to help guide my TA as I trade.

So about CANBs technicals.

First I’ll say, I studied Elliot Waves for hundreds of hours and ended up creating my own wave theory that’s held up incredibly well at predicting trends.

CANB has one of the most easy to analyze and beautiful charts in penny stocks at the moment. There is a key technical indicator I look for prior to ever looking further for potential plays. I call it the reversal indicator. Now, there’s many times this indicator appears in charts, but the one I’m always looking for is in the macro charts: 1 day candles and larger.

CANBs macro reversal indicator can be seen on the chart from mid to late 2018; its easiest to see in Trading View when using the log function on the chart.

Additionally, the way CANBs technicals have developed since this reversal indicator are very unique, in that, the price action is traveling sideways considerably more than other charts I’ve identified with this same reversal indicator.

Generally, when price action travels sideways longer than I anticipate, the upwards price action becomes considerably more dramatic.

Think of it as stairs: they have a run and a rise measurement. The run defines the horizontal measurement of the step and the rise is the vertical. It’s my theory that when the run is extended, the rise becomes amplified exponentially.

So with all that said, technically speaking, I believe CANB has the #1 chart in all OTC charts.