Wedge converging to pop in Feb 2019. Similar pop in Feb 2014. Great financials past 9 months. CBD sentiment and consumer use all time high as an anti-inflammatory.
CVSI CBDS GWPH
CVSI is going to pay spades as some point and today it's just a day trade.
Fib retracement overlaps as 4.13 and now at 4.18 and going up on 5/30/1h
Pain therapy stock in CBD Oil, watch earnings.
OTC:CVSI looks ready to begin its 3rd Wave (Primary). We are ending primary Wave 2. Wave 2 was a FLAT (3-3-5) Correction. Wave A came down in 3 sub-waves which signals a weak sell off. Wave B traveled back near the high and terminated at $6.24. Wave C needs to come down in 5 sub-waves which looks to be completed.
Primary Wave 1 had extended 3 & 5th Sub-waves,...
CV Sciences repeats 2014. The boat is starting to rock, get in or get out.
CBD Oil, Cannabis, Medical - Bioceutical Cannabis, reducing opioids, etc.
No megatrend here...what am I saying.
Time to see who's at the helm though.
Viewers come to own conclusions here.
First day of legal sales in Canada is Oct 17 (AFAIK) so comparing to the first day of legal sales in Colordo (1 Jan 2014) is a good idea.
Green line here shows the week of legal sales. Price ran up into it (similar to the action we're seeing in CANNMJ now ) and it didn't stop once sales started.
This is for all the bears in the Canadian MJ space. Watch out....
CVSI forming a rising triangle formation, and starting to fill out on the 1H/4H TF. The volume looks descending, and low enough to have price action IF there is not significant buy volume in the next few days, price action could easily fall back into the closest supports: 50 EMA, parabolic advance, previous ATH. IF significant buy volume within triangle, easy +10% trade.
Okay Q2 earnings but way overbought. Bearish Divergence showing on the 1 hour both short and long term. I think we get a pullback to long-term resistance around 2.10-2.20.
CVSI is a once in a generation opportunity. The company produces pharmaceutical grade CBD from cannabis.
There are too many catalysts to name but the most recent one is that they have applied to move off the pink sheets to the NASDAQ. Also, Canada just legalized cannabis for recreational use and I believe the U.S. will be soon to follow. Lastly, CBD has a lot...
i believe if this reaches above its previous high with how high the volume it it should break out, if not it should break down. We should keep an eye on it the next few days.
That is a nasty reversal after a formidable run.
I'm bullish the sector but a market cap increase of that magnitude in that time frame needs a pullback!
If you were in 6 weeks ago you've made about 3.5 times your investment!! There's so much talk about July's cannabis legalization vote in Canada, you'd have thought that the whole sector would be, well, buzzing, especially the growers/retailers, but this is the only stock out of the 30 I've looked at that's climbing steadily in response. CV Sciences Inc "is...
