This is extended trend analysis on CBIS. This stock is trading at pure hype and the catalyst is yet to come. I suggest trading it using fib channels and fib extension to take profit at certain levels (or use them to put your stop loss). Alternatively, check the momentum using 10 EMA 35 EMA strategy. I won't be surprised if it reaches $0.50 (I have been telling that since the beginning, the sky is the limit, may fortune smile upon us!). NEVER SHORT THIS TYPE OF STOCK!
Basically, this is beyond conventional trading and wave counting is pointless at this time, only fib is reliable for estimating future price. Use MACD and RSI to find a sweet spot if you are actively trading this. We should look to take profit and invest half so that we just ride the train with the house money. huge profit, zero loss :D When this gets dumped, it will be dumped hard!!
Basically, this is beyond conventional trading and wave counting is pointless at this time, only fib is reliable for estimating future price. Use MACD and RSI to find a sweet spot if you are actively trading this. We should look to take profit and invest half so that we just ride the train with the house money. huge profit, zero loss :D When this gets dumped, it will be dumped hard!!
