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Tuesday, March 06, 2012 11:15:43 PM
Here is a chart to look at: CCI showing slight overbought, but not too bad, RSI kind of stagnet.......support levels at .08 and .05
From my point, strong resistance will occur at .20 and .24 but have a feeling shortterm flippers will jump at .20 if it gets there.......with a stop loss around .135 or so.......if it gets that low, look out, we will be under .10 in a heartbeat. Stay on your toes and take profit when you can.......volume has decreased to less than half from the last run to .24, so I cannot see this thing getting that high without some sort of huge news.....more downside risk than upside at this point. GL
CBIS - Daily Candlesticks
From my point, strong resistance will occur at .20 and .24 but have a feeling shortterm flippers will jump at .20 if it gets there.......with a stop loss around .135 or so.......if it gets that low, look out, we will be under .10 in a heartbeat. Stay on your toes and take profit when you can.......volume has decreased to less than half from the last run to .24, so I cannot see this thing getting that high without some sort of huge news.....more downside risk than upside at this point. GL
CBIS - Daily Candlesticks
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