CVSI - Get in or out of the boat now, we're going for a rideCV 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.
CVSI trade ideas
Comparing US MJ to CANN MJ for first day of legal sales - logFirst 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.
$CGC $WEED $CRON $APH $ACB $TGOD $TLRY
CVSI - Watch for VolumeCVSI 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.
CVSI - GRAND SLAM - Generational Opportunity - BUY!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 of promise for health and lifestyle products. CBD is literally being put in to make-up to dog treats. I came home the other night and my wife showed me the new dog treats for my aggressive basset hound. The dog treats had CBD as an ingredient and I checked Amazon to see the reviews. The product had 5 star reviews and everyone loved them. Also, CBD is legal from Hemp in the U.S.
BUY BUY BUY!
We are beginning the Cycle 3rd Wave now and are making new highs.
-AB
what a run!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 focused on developing and commercializing novel therapeutics utilizing synthetic Cannabidiol ... engages in the manufacturing, marketing and selling of plant-based \CBD products". CVSI has become profitable, as one can see by checking out the financial results for the last 5 quarters, so maybe that's the reason for the sustained interest. The RSI keeps moving into overbought territory but so far the pullbacks are brief - how long can this continue!?