Geez, brutal day for Cnbx Pharmaceutical, investors dumped shares on the market and there weren't too many buyers interested in picking them up which causes price to plunge. Negative outlook for the company may continue to
hammer the stock. We'll see if we hit bottom here and get some buyers to come in fishing for value. It looks like CNBX may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. In addition to being near an angled support line CNBX is near a weak support line. We'll see if it bounces off or heads lower. Cnbx Pharmaceutical hasn't been that impressive in terms of its 3 month momentum, we'll see if it can turn things around and start heading up or continue its slide down.
If we get a reversal off of support and Cnbx Pharmaceutical starts moving up, it can probably get to $0.0003 at which point it'll need to break through that resistance level in order to keep moving higher. There aren't very obvious support levels beneath this point. So put those stop losses on, this thing has room to fall if buyers don't come in at this level.
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
