ACB: Swing for the Fences?
Updated
NYSE:ACBlooking to make a run, breaking inverted head and shoulders neck line. Of course always keep a stop loss mark below trend line. Has two possible targets starting at 19 then moving on to 48.
Pattern: Inverted Head and Shoulders
Fundamental: A democrat ran office could see some favor towards the marijuana industry though nothing has been said as of yet. New states in the US are legalizing weed which means demand for products overall should increase. This is all bullish for marijuana.
Pattern: Inverted Head and Shoulders
Fundamental: A democrat ran office could see some favor towards the marijuana industry though nothing has been said as of yet. New states in the US are legalizing weed which means demand for products overall should increase. This is all bullish for marijuana.
Comment
We hit the first target of 19 the very next week. We now have a symmetrical neckline for our head and shoulder. Sold positions and looking for this right shoulder to form before another run up.Order cancelled
Never formed. This thing toast
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.