Acreage is flirting with the resistance of a descending channel Bullish cross on the KST & Williams alligator.
The stock is getting very close to the 200DMA.
ACRDF trade ideas
Acreage Holdings Inc. $ACRHF Chart Analysis | May 30, 2022Acreage Holding (ACRHF) is currently selling through a huge running-flat that ended 1st week of May, we should see a little more selling while ending on a 5th wave south on a mini-cycle. Price target around .87 cents will start the semi-correction leading into more selling towards .68 cents which in likeliness will catch around .57 cents.
Afterwards, another small correction is due which will likely see a pivot north towards .88 cents (depending on volume increase) and will sell south on final primary-cycle's 5th wave which might see a floor around .49 to .44 cents before primary-cycle correction, which looks to be prepping around 1st and 2nd week of Aug. 2022
MACD curling UP; Inflection PointMoney flowing back into Marijuana stocks now after Republican led legalization bill announced this week.
ACRHF, Acres of GreenAcreage Holdings, Daily: Excellent example of a) bullish cypher maintaining the pattern completion zone, and b) bullish divergence for implied reversal here. Easy R:R with stop-loss below the prior range low. Upside profit levels have historical price action, and one could always save some shares beyond target 2 as a moon target in the double-digits. Not financial advice, happy trading
ACRDFWe have been In the rabbit hole with acreage for two years/// holding on to 90% loss///
accumulate / with an average Avg. $5/ light at the end of the tunnel is now visible. PT$10
CGC is a better pick for exposure to Acreage holding.
bright 2021 for cannabis.
