Chart:
CBIS is really a great company to learn how to read charts. Even if you have missed the run or made some mistakes, learning from this chart will give you a lifetime of better trading.
Draw the major trend-line. Watch what the Stochastics, MACD and CCI do on the chart. Watch the patterns, currently cup & handle.
Notice that right now it is towards the end of the handle pattern and testing support. The same support that got tested at .01, .03, .05, .115, the handle is condensing and consolidating into this .13 area.
Amateur charters might look at the MACD and other things and think that this looks bearish. When I first started trading I fell into this group. If you currently fall into this camp, spend some time to Google positive and negative divergence. No divergence + cup & handle = very high probability of a strong breakout over the cup and will take it easily to +.24.
You can either buy the handle now at support, or if you are a more conservative trader and want less risk (but less gain), you can put a buy stop over .18.
Personally I think .13 is the better trade now since it's at a major support.