CV Sciences Inc (CVSI)

[deadjim]

Why did CVSI fall from 3s?

With or without shorts riding it down, it would’ve moved to the same level in the 1.50s. From both the overall pattern and proof below it was simply following the sector.
Increased short volume doesn’t mean anything if you’re not paying attention to the trend. The problem arises when one says high short volume means the stock falls. I can show you a thousand times when high short volume was in the middle of a major uptrend. This pattern below explains why CVSI fell fast and with increased range.

Understanding and analyzing patterns like this is key to understanding the psychology and physics behind price movement. Why are descending triangles bearish for short term movement? It’s real simple.



MJ sector