CV Sciences Inc (OTCQB:CVSI)Add to Watch ListSet Alert 2.09 Delayed Data As of 3:58pm ET -0.09 / -4.13% Today’s Change 1.55TODAY ||| 52-Week Range 6.59 -51.51% Year-to-Date
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Competitors Stock Price Forecast The 3 analysts offering 12-month price forecasts for CV Sciences Inc have a median target of 5.00, with a high estimate of 8.00 and a low estimate of 4.50. The median estimate represents a +139.23% increase from the last price of 2.09. Analyst Recommendations
So when I think of charting and charts, I think that sector wide the whole of companies move when there is a huge sector wide event. In 2013 it was Washington and Colorado legalization. In 2016 it was California Maine and Massachusetts legalization. In 2018 it was Canada's legalization and USA Farm bill passing. Each of those sector events lead to the sector as a whole hitting highs where it took more billions on the way down than the market was work.
Look back to last Oct-dec and you can figure a market cap loss of all associated cannabis sector companies for more billions than the market is worth currently. From rough math I can count at least 10bill loss since last year.
And these losses aren't due to the sector not growing in actuality, but mainly the losses and shares increased by the publicly traded ones.
Anyways back to chart, if you take away the last sector wide parabolic rise for cvsi and look at the 5year chart. This two dollar range from the tops last dec-this may and I see a huge Head sn Shoulders pattern emitting in the charts sight.
Be it extremely good financials could negate that, I just dont see cvsi having a blowout Q.
This chart shows what looks like a 50-70% bounce from the $1.60 level. Before chart technicals level off and it drops. Again though stellar financial numbers could negate my charting process but not much else imo.
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