OTC:CBDS setting up for a healthy R:R position.
Current price: $0.2297 on 2/1/22. Main entry not yet triggered.
Entry: $0.3226 (Jan high, back into the heart of the major range)
*a more aggressive entry: $0.2499, taking the previous week up.
Stop: $0.1729 (Jan low, losing the bottom of range).
*If you prefer using multiple stops like I do, you...
Weekly Log Chart
I am very bullish on cannabis stocks right now. CBDS broke out of the long term down trend on the log chart.
Entry price - $0.63
Stop Loss - $0.60
Price Target 1 - $1.33
Price Target 2 - $2.53
Cannabis Sativa, Inc. engages in the research, development, acquisition and licensing of specialized natural cannabis related products, including cannabis formulas, edibles, topicals, strains, recipes and delivery systems. The company was founded on November 5, 2005 and is headquartered in Mesquite, NV.
Cannabis Sativa, Inc. engages in the research, development, acquisition and licensing of specialized natural cannabis related products, including cannabis formulas, edibles, topicals, strains, recipes and delivery systems. The company was founded on November 5, 2005 and is headquartered in Mesquite, NV.
Its about time for one of the repeated spikes on CBIS. Seems to be every 220-260 days with a huge 80% + spike. Bought in a bit late but its going well so far. Will raise stop loss to stay in profit.
CBDS seems to be setting up an inverted head and shoulders pattern with a potential breakout to the upside. The MACD on the 4 hour candles make this look very convincing.
I went long at 3.89 with a tight stop limit order set for 3.77 risking just 3%. Theres potential for up to 50% + profit.
My SL is so tight that I might get filled with short lived price...
