Replies to post #35749 on Cannabis Science Inc (fka CBIS)

[ospreyeye]

CBIS Daily Chart....Bearish Wedge forming......

A Rising Wedge at the top of a run signals a pullback coming........

Similar set up to the 11th & 12th.......but.......

A little different this time......take a look @ the candles.......

On the 11th & 12th CBIS traded sideways after a strong move higher.....

The 10th, 11th & 12th had sm. Upper tails......the Bulls were in control......

The 17th, 18th & 19th have larger upper tails......the Bears are much stronger @ this level.....

Today's candle is currently very Bearish......major Bear raid.....

Looking @ an Inverted DOJI.....this candle signals a top @ the end of a run.........

CBIS has been riding the Upper Bollinger Band........

If this trend fails to cont. Look for support @ the Middle Band......

The reaction to today's PR shouldn't be taken lightly.......

The ammo isn't as effective @ this level.......

Checkout the money flow indicators......CMF, ACCUM/DIST etc.......

They're showing profit taking @ this level........

Trade wisely......

& remember........

Buy Fear.......Sell Greed.....I repeat, Sell Greed....& Get Rich.......$$$