OTC:CBDW just cleared major resistance at both the 50 and 200 DMA at .04. Downtrend has been broken and new uptrend is forming.
OTC: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.
Looking to break this descending triangle, as we sit above support at .04 (200 DMA).
OTC:CBDW looks to be setting up for the next bull flag breakout from here.
OTC:CBDW setting up to break out again as a bull flag pennant pattern is forming.
OTC: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.
Called the initial breakout here above .03, now looking to test .05+ near term with 52 week highs within reach.
Rock solid support above .02, (long term support) with launch of their new CBD app soon could be the catalyst this needs to reverse again
Rock solid support above .02, (long term support) with launch of their new CBD app soon could be the catalyst this needs to reverse again.
Update 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.
OTC:CBDW sitting at support of .03, watching for a break of this descending triangle for confirmation of reversal.
