Replies to post #49842 on Cannabis Science Inc (fka CBIS)

[A1stockman]

What we have here is a ascending triangle
http://www.investopedia.com/terms/a/ascendingtriangle.asp#axzz1oNbqVhgG

[SurgeGuy2.0]

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

[Chrion]

I'm on my iPad, so I can't really annotate a chart daily from here but I can give you some key levels..

.14 support1
.13 support2
.10 support3

.18 minor resistance
.24 recent top


Target1 .26 200 ma weekly
Target2 .28
Target3 .38
Target4 .44

Watch thestocasicsfor continuation vs divergence. .14 support is KEY on the weekly