Agree the last three months of the CBIS chart is classic -allowing good entry levels along the way with decent interm returns for those going long and very nice trading ranges for those who maybe trading in and out as a strategy to build a nice long position as well as protection on the back should a severe down trend occur. So far this trading strategy to build a long position has worked well for me with CBIS.
Just wrapping another trading experience with another cannabis stock where this trading strategy saved my A$$; however those longs with that stock are not really happy with me!!!!!!!! Oh well IMO trying to turn some green is not always pleasant for others that try and take the high road to "Da Moon" and the moon sets to early!!!
You know it really is all about the trade, this cannabis industry (medical entry approvals) is very new with alot of potential "scams" out there and one IMO really needs to dig in and understand what is behind the company and how to maximize the trade of that company for greater benefits.
CBIS appears to have good qualities in both of these areas of opportunity - whether one is a pure long or utilizing a trading strategy to better establish a long position.
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