Yeah that's what peeps said at $3, $4, $5, and oh yeah $6. Technicals mean squat right now with this particular unicorn. Yes at some point the dust will settle and we will fall into some normal trading range. I think movement was justified cuz we were that far undervalued. People have been screaming about Rsi for weeks to no avail.
Maybe the correction is occurring now as the price moves up to where CVSI’s true valuation should be when compared to its peers. I suggest that CVSI with their share structure, no debt and real sales in a market that is exponentially exploding should be in the $20’s.
Meet the new b@sh, same as the old b@sh. We will revisit this prediction on Monday. Right now it’s laughable. This stock movement is based on hard figures. Real data. Verifiable growth in an expanding market. Artisanal CBD products are the new Starbucks and meds combined. Every middle-class yummy mummy housewife I know in LA is taking it for their mood swings, hot flashes, etc. It’s classic Peter Lynch DD - the info is anecdotal and right under my nose. Like Netflix 20 years ago except I didn’t know to invest back then.