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GB Sciences, Inc.GB Sciences, Inc.GB Sciences, Inc.

GB Sciences, Inc.

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GBLX trade ideas

At Key Resistance After Small Run-up On Product AnticipationBroke a long, deep 6 month downtrend last week. With the announcement of their product stocking shelves on 8/06/19, I can see this cutting through .15 (key resistance) and head up to the.175 level short term. Volume is building, however today's spinning top ( which I believe it is) on the daily may sell us down slightly before legging up IMO. Plan... trading levels to Fibs and SMA... 200 day MA &.178... Average cost .143. Sell half of position @ .17... Stop .115...
OTC:GBLXLong
by BULL420
To the moon! or at least 1.618 fibI feel GBLX is a good way to get some exposure to the marijuana industry. Recently they have acquired NevadaPURE gaining a cultivation license, a production license and a dispensary license for the state of Nevada that allows for adult use. This along with other licensing and making partners along the way will build a strong contender to the marijuana industry in the future. The political uncertainty of Trump going on a power trip and enforcing federal law suppressing the sell of marijuana for adult use provides GBLX with a good entry level for the short term and in the long term I believe the decline of the market and the rise in government debt will force people in Washington to seek taxation from adult use of marijuana which would lead to the decriminalization and a increase of revenue. Idk just my two cents.
OTC:GBLXLong
by Kinlisky
1
$GBLX - GB Sciences Marijuana Play$GBLX - GB Sciences is a great way to get exposure to the Marijuana industry that of course we all know is booming. The attraction here for me was a deal GB Sciences made late last year with LSU to provide medical Marijuana (THC) to approved patients in Louisiana as well as other retail revenue streams they have in other states. Although they are an OTC stock the deal with LSU legitimized them as a viable company in my eyes. The stock has recently had a great run and I took profits from my buys in the low to mid $0.20 range after observing a reversal on the stock. If you notice in the chart it has now broken through the lower end up the uptrend channel that had developed prior to its huge run to $1.56 along with several key Fibonacci Retracement levels. Considering it blew right through the 61.8% and 50.0% retracement levels I am expecting a dip down possibly to test the 38.2%. If 38.2% can't hold then they next key level of support would be $0.64 which held well in mid December followed by Fib Retracement 23.6% at a price of $0.547. I plan to add 25-50% of my position back at Buy Target 1 depending on how strong or weak it looks. I will initially set a buy limit order for 25% at target 1 to get an auto fill and will observe manually to see if it bounces off of this level. Buy Target 1: $0.74 Buy Target 2: $0.64 Buy Target 3: $0.547 Sell Target 1: $1.56 (25-50% of Position) Sell Target 2: $2.37 Sell Target 3: $3.70 (Longer Term)
OTC:GBLXLong
by TheBossTrader