Replies to post #61419 on Cannabis Science Inc (fka CBIS)

[dmlabuda]

Of course you should consider all the indicators you are using before making a decision. Right now, the CBIS picture, in my opinion, looks as though it's capable of dropping all the way to $0.05. Of course there are other obvious support areas before $0.05. So, I would be looking for support at $0.08 to $0.11 area with focus on the 50 and 84 day moving averages but, a close below the 84 day MA probably means a drop to $0.05. Even if we see support at the 84 or 50 day average, that might only indicate a short-term bounce to fill the Gap left today and then a further decline would likely take place.