Thursday, February 09, 2012 11:22:29 AM
Actually, this could prove to be a very good day to buy CBIS. In the daily chart (below) you can see the price is slowly approaching the 200 day MA which is a MUST support level if the stock is to remain in an uptrend and the price according to the daily chart indices is becoming Oversold. So, I would expect to price to find support at the 200 day SMA currently around $0.33 give or take two cents and then make a run for new highs. It's a speculation but, it looks like a good one to me.
CBIS - Daily Candlesticks
CBIS - Daily Candlesticks
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