Replies to post #61364 on Cannabis Science Inc (fka CBIS)

[Aliquot]

I don't see the 3 month uptrend as being broken yet, can you show me where it has been broken? or what is the "long term" trend you are referring to.

[SurgeGuy2.0]

Agreed, good assessment as this riding on fluf PRs. I expect 10K to be fatalist to the downside!

[Stoney1424]

Looks like an upward trending stock to me...

CBIS - Daily Candlesticks

[Chrion]

the 200MA is important but there are other leading indicators that occur before the 200MA breaks. Like the actual downtrend line itself. Hence the word "UP TREND" and "DOWN TREND". 200MA's do not usually break in one pass. The stock bounced once off of the 200MA and is now base building and consolidating to take another attack at the weekly 200MA.

To me the Ickimoku Cloud, trend line and MACD together paint a much better picture then the 200MA all by itself.