$CBDW new support line formedOTC:CBDW pulled back to support at the 200 DMA at .04. New uptrend has started, slight pullback here seems to support along with 200 DMA seems like a good opportunity.
Key stats
About 1606 CORP.
1606 Corp. manufactures tobacco products. It offers creating nicotine-free and tobacco-free alternatives to traditional cigarettes and vaping products using industrial grade hemp, and promoting health benefits such as pain management, reduced anxiety and enhanced wakefulness. The company was founded in February, 2021 and is headquartered in Phoenix, AZ.
$CBDW sitting at long term supportLooking to break this descending triangle, as we sit above support at .04 (200 DMA).
$CBDW 2nd bull flag breakout setting up?OTC:CBDW looks to be setting up for the next bull flag breakout from here.
$CBDW Bull Flag Pennant Pattern Forming OTC:CBDW setting up to break out again as a bull flag pennant pattern is forming.
$CBDW looking to break last resistance at .06OTC:CBDW called this initially in Nov sub .03, now looking to break last resistance at .06. Then blue skies. Looking for bids to fill in first.
$CBDW breaking outCalled the initial breakout here above .03, now looking to test .05+ near term with 52 week highs within reach.
$CBDW you won't find a more clear bottom than thisRock solid support above .02, (long term support) with launch of their new CBD app soon could be the catalyst this needs to reverse again
$GMZP you won't find a more clear bottom than thisRock solid support above .02, (long term support) with launch of their new CBD app soon could be the catalyst this needs to reverse again.
$CBDW chart updateUpdate to my chart from last week. Broke the descending triangle as expected. Now using .035 as firm support and starting to build a nice uptrend.
$CBDW sitting at support of .03OTC:CBDW sitting at support of .03, watching for a break of this descending triangle for confirmation of reversal.
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Frequently Asked Questions
The current price of CBDW is 0.0255 USD — it has decreased by 1.92% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on OTC exchange 1606 CORP. stocks are traded under the ticker CBDW.
CBDW stock is 7.57% volatile and has beta coefficient of −1.73. Check out the list of the most volatile stocks — is 1606 CORP. there?
CBDW stock has fallen by 20.31% compared to the previous week, the month change is a 34.92% fall, over the last year 1606 CORP. has showed a 177.17% increase.
No, CBDW doesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
Like other stocks, CBDW shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade 1606 CORP. stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So 1606 CORP. technincal analysis shows the sell today, and its 1 week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating 1606 CORP. stock shows the strong sell signal. See more of 1606 CORP. technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.