ACB flat-lined a bit as described in the post linked below. making a small consolidation and is now starting a retreat to a hopefully oversold price (maybe sub $7.00 hopefully).
I want to draw attention to the big head and shoulders pattern that has formed. If the price were to break under $5 Id be very worried for the long term outlook for this stock. That being said I'm bullish on the weed market still, and i'm betting on a strong refusal of this pattern given the current bullish state of the Canadian marijuana market.
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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.