Stock Trade Wiz
About Us|Contact Us|Sign Up|Login
Home Stock Trade Wiz Discussion Forum Stock Trade Wiz Question/Answer Stock Trade Wiz Blog Stock Trade Wiz The Learning Center Stock Trade Wiz Newsletters Stock Trade Wiz Stock Wiz Apps Stock Trade Wiz Contact Us

Stock Trader Wiz Forum – Traders of all levels sharing knowledge and ideas

Welcome to our learning forum! Please register in order to fully participate in the conversation. Only those who register can create new topics or post any comments. Share your knowledge and ask others to share theirs. Register Now!
Forums > Penny Stocks Stocks below 5 > Penny Stocks on the Move Navigation:
  • CBIS(1) Replies

    Trade Ninja
    Bronze Member
    Join Date:01-10-2014
    El Paso, Texas
    United States
    Posts: 10
    Replies: 15
    CBIS1/19/2014 6:05:41 PM
    CBIS is another penny stock that I just purchased at $0.0850.

    CBIS had been pretty flat until recent changes in the laws of a couple states.  Then...the stock came to life!  The question is...how "HIGH" will it go?  :-) pun intended

    Here is the chart courtesy of StockCharts.com



    Let me explain why I think it is a winner...at least in the short term.

    These are the things that I noticed before taking on this trade at $0.085:
    • The stock has been dormant for quite some time and then exploded with activity.  This is a great sign.
    • Daily Volume had been very low for a long, long time...then it burst in into a flurry of activity.  This is a great sign of high interest in the the stock.  Where volume increases, excitement for the stock is growing.  Growing excitement usually means higher prices.
    • The first major reaction (pullback) after over a 300% price increase came to an abrupt halt yesterday at the 26 period Moving Average.  This is a great sign that higher prices will continue, at least in the near term.
    • The volume increased as the stock was rising and decreased as it was dropping, indicating that there is significant buying (accumulation) and the not a lot of interest in selling.  People are holding.
    • The MACD histogram (the blue parabola at the bottom of the chart) is back down to to the zero line but not dropping below before the stock started it's turn.  This is a great sign of that the next move in CBIS may take us past the prior high.  Not guaranteed, but this is a good sign.
    • The RSI graph on the top of the image came down from its over bought condition above 70 and dropped back down to the 50 mark before making an uptick.  This is also a great sign that there is room for a good up move before becoming overbought again.
    • The BEST indicator to me though was that there was a beautiful BULLISH ENGULFING candlestick yesterday that started lower than the prior close and dropped further before completely rising well above an beyond the high of the prior day.  This is a great sign that the stock will rise for the next couple days at least, but hopefully will be the beginning of a new swing that takes us above the prior high of $0.19.
    Why did I buy at $0.085?  How did I know that it would move up yesterday?  Well, I wasn't 100% sure it would happen, but I suspected it would.  Why did I suspect it would?  Well, I was watching this stock closely having missed the prior advance.  I noticed that the stock had moved down 5 days from the high (stocks usually move in 3's and 5's before changing direction) so I was looking for the stock to change direction.

    The other thing I saw was that the stock opened quite a bit lower than the prior day's close, dropped down to the 26 period Moving Average and turned around and started back up.  Once the stock crossed its open price, I was pretty sure it was going to continue up.  That is when I bought my shares at $0.085.  I didn't necessarily expect it to rise so much yesterday.  The fact that it did makes happy first and foremost as I already have a good paper profit, but it makes me believe that the next couple days should also move in my direction and that this decisive turn around should be the start of the next up swing.  

    Let's see what happens...I've got real money on the line, so I have my fingers crossed ;-)

    Please let me know your thought on my analysis and offer any comments of support or warning.  Looking forward to hear from someone.  Anybody out there?
    • CBIS Trade Update(2) Replies

      Trade Ninja
      Bronze Member
      Join Date:01-10-2014
      El Paso, Texas
      United States
      Posts: 10
      Replies: 15
      CBIS Trade Update1/22/2014 10:02:24 PM
      This trade is going very well.  I added to my my original $0.085 position at $0.0905 and again today at $0.122.  I am expecting CBIS to continue up at least one more day where it hits resistance at the prior high of around $0.15.  I will sell tomorrow if it reaches $0.15 and wait for it to give me another opportunity to get back in where I feel the risk/reward is reasonable.  It is now getting very extended over its Moving Average.



      I have a protective stop loss just below today's low as my insurance policy.  Even if I get stopped out at about $0.115 I will still have done very well on this trade.  So my stop order is not a stop loss, but a trailing stop that will protect the majority of my profits.

      If CBIS opens UP tomorrow morning (as I expect it will), then I will hold on to it expecting it to reach $0.15.  If it opens DOWN, then I will consider selling immediately to protect my winnings.

      Let's see what happens!

      • SOLD CBIS Today(0) Replies

        Trade Ninja
        Bronze Member
        Join Date:01-10-2014
        El Paso, Texas
        United States
        Posts: 10
        Replies: 15
        SOLD CBIS Today1/23/2014 2:45:32 PM
        CBIS made it to just below $0.14 before it started to drop.  I waited until it was clearly below the 50 period MA and didn't expect it to rebound so I sold it.

        I sold all positions for an average of $0.1255.  I felt it was better to protect my profits than to wait and see if it would rebound.

        Another thing to remember is that after 3 days UP, you should expect a turnaround.  It is better to take your profits of the table.

        Overall, this was a great trade.  I pulled in 2% on one of my 3 positions in CBIS and 36.5% and 45.8% on the other two.  Not bad for a few days of work ;-)

        Did anybody else play CBIS?

        Now it is time to wait for another entry opportunity.
      • Rinholdt I own some also(1) Replies

        Rinholdt
        Bronze Member
        Join Date:03-02-2014
        Platteville, Colorado
        United States
        Posts: 1
        Replies: 1
        Rinholdt I own some also3/3/2014 10:12:45 PM
        I am going to hold on to my shares even though I am not sure that they may continue down.  My technical indicators have not given me a strong sell signal (this is part of my gambling holdings) besides this POT industry is just in its in infancy so ill star in.  Check out MCIG another of my gambling holdings this's one is really hot right now I'm up almost 350% from my buy.  Check out the news on this penny on www.otcmarkets.com you'll be ready to gamble also.  Right now all of the POT stocks are trying to find there place in the industry.  And most of them are searching for their own nitch, give them a chance and the winners will surface.

             Rinholdt

                 Here is a list of the POT stocks I'm keeping my eye on:
        Avtc cann canv cbis cybk dewm edxc erbb fitx Fspm grnh hemp Icbu MCIG mdbx mjna nrti nflx phot plpl revi sing trtc wbxu 

        These should keep you busy for awhile!!! 
        And by the way be careful!!!

        • CBIS is "ripe" for a new leg up(0) Replies

          Trade Ninja
          Bronze Member
          Join Date:01-10-2014
          El Paso, Texas
          United States
          Posts: 10
          Replies: 15
          CBIS is "ripe" for a new leg up3/3/2014 10:46:25 PM
          Yes, if you are already in CBIS, I would also suggest a hold.

          I played CBIS for a great return and was actually looking today for another entry.

          I decided to hold off until tomorrow when I plan to close out some other positions.

          I have made great money in PHOT, CBIS, PLPL, and HEMP.  I think all of these are about to turn back up.  I have not looked at any of the other pot stocks, but will check them out too (thanks for the list).

          Technically, PHOT has formed an ascending triangle and I expect a breakout on the next advance to its resistance line.  CBIS and HEMP look like they have fallen as far as they will which means...if they aren't going down any more, then they will probably start to move up again.

          I am waiting for confirmation tomorrow before getting back in.  For me confirmation means that the stock has to trade above the high of the prior bar.

          If that happens, I am going to get back in too.

          Let's see what happens!
  • CBIS--Another Opportunity 2/4/14(0) Replies

    Trade Ninja
    Bronze Member
    Join Date:01-10-2014
    El Paso, Texas
    United States
    Posts: 10
    Replies: 15
    CBIS--Another Opportunity 2/4/142/4/2014 10:53:37 PM
    I have already played CBIS on more than one occasion and now I am playing it AGAIN!

    IMPORTANT TIP:
    Once you find a stock that is moving up, you should take every opportunity to buy it when it drops to the moving averages.  Every time an uptrending stock pulls back to its moving averages, it is a perfect, low risk time for you to buy.  You should continue this process until you get stopped out (at some point, every stock will drop).

    Once I find a stock that I really like, I will play it over and over and over along its uptrend.  I buy at the moving averages and sell after 3 to 5 days of its next up move.

    Here is the CBIS chart:


    I actually bought CBIS again yesterday after the 3 down days.  I was looking for another opportunity to get in and it started up over the prior day's high.  This was the opportunity I was looking for.  I bought again at $0.185.  Today I got confirmation that it was going to continue up.

    Notice a couple things:
    1.) the stock has already above the real candle bodies of the prior up move...so this stock should continue higher at least for another day.

    2.) the stock closed at its high for the day...when this happens on an up move, then the momentum should continue the following day

    3.) today was only the second day of the up move, so I am expecting for it to continue up for AT LEAST one more day.

    Tomorrow, I will watch it closely and see if it shows any signs of weakness...If it does, I will take my profits and run!

    Let's see what happens!