Patience is a VirtueToday was a big fake out. Don't get caught picking up pennies in front of a freight truck!
Looking at the candlestick charts for tomorrow, low resistance zones at $2.11 and $2.05. Anything in the $2.20's would be a win but CBW continues to see high resistance at $2.30 which makes sense as many investors sell once this stock hits the high $2.20's just like what happened today. Perhaps once the warrants reach the deadline in mid February we will break the upper resistance level. Good news to me is that we are seeing some supported consolidation between $2.15 - 2.19
Something tells me analysis can only go so far with pot stocks though. Human psychy is a deciding factor to either bringing that SP up or down. Reading the mood of many people on reddit and on other stockhouse bullboards, people are getting anxious as to why their stock isn't going higher. Feels like investors are impatient to get "to the moon", perhaps new investors. People jumping ship because a SP isn't moving up quick enough. However many others who've been in the market for longer periods of time understand to simply HODL and be patient as they've already locked in long positions. You only lose when you sell especially at a loss. It seems investors may have invested more than they are able to lose which is why their decisions are erratic and fearful.
'We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.' -Warren Buffett