CVSI looks ready to begin its 3rd Wave (Primary). We are ending primary Wave 2. Wave 2 was a FLAT (3-3-5) Correction. Wave A came down in 3 sub-waves which signals a weak sell off. Wave B traveled back near the high and terminated at $6.24. Wave C needs to come down in 5 sub-waves which looks to be completed. Primary Wave 1 had extended 3 & 5th Sub-waves, respectively.
Trade Price: $2.35
This stock has already been a double plus some and I believe it has a lot more room to run. See related idea for a more in-depth analysis.
Charts:
Monthly:
Weekly:
Daily:
1HR:
Good Entry: $3.91-$4.39
Will update.
-AB
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ST Target: $9.00LT Target: $19.00
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LOS ANGELES --(BUSINESS WIRE)-- The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against CV Sciences, Inc. ("CV Sciences" or the "Company") (OTC: CVSI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission .Investors who purchased the Company's shares between June 19, 2017 and August 20, 2018 , inclusive (the "Class Period"), are encouraged to contact the firm before October 23, 2018 .
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Not sure how much merit this lawsuit has but it's worth noting. Shareholder should be happy for the company's growth.Note
LAS VEGAS , Sept. 25, 2018 (GLOBE NEWSWIRE) -- CV Sciences, Inc. (OTCQB:CVSI) (the “Company”, “CV Sciences”, “our”, “us” or “we”) preeminent supplier and manufacturer of hemp-derived phytocannabinoids including industry leading brand, PlusCBD Oil™ , announced today that it has introduced PlusCBD Oil™ Gummies at the Natural Product Expo East 2018. A new category of PlusCBD Oil™ products, PlusCBD Oil™ Gummies are offered in two tasty flavors, Cherry Mango and Citrus Punch. A line extension of our Gold Formula line with no artificial ingredients, each gummy contains 5 mg of CBD and a mere 1.5 g of sugar. Gluten free, vegan friendly, and non-GMO, these new products support healthy balance of the body and mind.
“We are pleased to introduce PlusCBD Oil™ Gummies to our existing line of industry leading hemp extract products that include balms, sprays, drops, capsules, and softgels,” stated Joseph Dowling , Chief Executive Officer of CV Sciences . “We are committed to innovation of our PlusCBD Oil™ products, and as the demand for CBD infused products continues to grow, it is important to expand our wide variety of products to suit all customer preferences. We foresee PlusCBD Oil™ Gummies being a solid revenue driving category for our Company.”
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It's amazing how Fibonacci time-frames usually co-inside with news items or events...Note
Above is exactly what I was talking about in the related idea. CBD is being put or made into everything.Note
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1D: Elders Force Index shows a Strong divergence.Note
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CVSI is about to breakout...Note
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1 Minute chart shows Sub-Waves 1, 2, 3, and 4 ending.Note
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Extending 3rdNote
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Sleeper Stock...Once CVSI hits the Nasdaq this thing will be a rocket ship.
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Closed at high -> rally Monday...Note
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