Short
ACB downward movment - Even with news of reverse stock split.
ACB is doing a reverse stock split of 1 to 12 on May 11th. The market isn't rallying with this information.
Above is the hourly chart.
If you support the company, this might be a good time to buy the stock before the reverse split.
Above is the hourly chart.
- Arrow 1: The OBV support was broken today, a bearish signal that people are selling more.
- Arrow 2: -VI broke the 1.10 mark while the +VI passed below .90, a another bearish signal.
- Arrow 3: SMA 9 below SMA 18 and PSAR is heading down.
If you support the company, this might be a good time to buy the stock before the reverse split.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.