Targeting a +40% long on symbol $ACB
Updated
An ascending triangle forming as a name in the hot Cannabis sector sets to breakout to previous highs.
Trade active
ACB still adhering to our identified consolidation pattern. Just a matter of which way it decides to break. Since this industry is widely bullish, so remains our outlook for this setup.Trade active
And there's our breakout, hit $9.25 and is relaxing back, trading at $8.99. Watch for price to come back to retest the line @ ~$8.35 like a text-book breakout, or any kind of consolidation/range trading before another break higher.
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