BB's Stock Haven

[chart guy]

Technical Analysis Video for CBIS

Buy the rumour, sell the news trade obviously going on here, thats why, IMHO, CBIS could continue higher in the short term and break the 22 cent resistance area, despite hugely overbought RSI. Retracements are certainly possible, but as long as buyers come in on the dips the momentum trade will remain intact. A sustained move below 18 cents would be bearish however IMHO.

Check out the CBIS video chart here:
http://www.itsallbull.net/iabtv.php?id=420