CV Sciences Inc (CVSI)

[GE_Jim]

Chart showing the imbalance over the last, say, almost couple of months. Circles are up runs, straight lines are down. We have the earning release. The start. After that we have 3 up days in a row. Followed by 7 down days, again in a row. 2 up days {note not calling the long tailed doji as anything other than what it is, indecision}. 9 to the down side including the pause. 4 to the up and 10 to the down including 2 pauses.
The point is a simple one. Short corrective runs vs longer down side runs. The reasons why have those long runs has multiple answers and not the point of this post or chart. What is however is simple vison as to the lower highs followed by lower lows. A trend. To break the trend, we would like to say above the low of Dec9 { not a deal breaker if we don’t} followed by a close above 1.33 which would create a higher low followed by a higher high reversal. There is no time limit to get above 1.33. We could sit in a consolidated position for some time. No matter of short or long time frames, we will not get out of this slide/ rut until we get above 1.33. IMO