Hello traders, today we are going to analyse ACB stock. A stock that will rise 50% ! Why ?
1. Inverse head and shoulders : Neckline breached AND came back to test the resistance of the neckline !
2. Good volume when it breached The Neckline, (biggest volume)
3. The index of Marijuana stock is up 48.5 % this year after a correction
4. History repeats : after testing the support of the channel that I draw it ALWAYS tested the 12 dollars
5. Bullish MACD
6. Many alcohol and tobacco companies are starting to invest in marijuana stocks (not in this stock but shows the interest for the marijuana market )
I'm a professional swiss trader that has two funds , redfund and another private fund. I'm here to help people to choose the better stocks with the better value. I have 75% accuracy in my all professional career and in trading view my only fault was on a bitcoin chart so i have 80-95% accuracy on trading view and 100% if we take out my bitcoin prediction. Follow me to learn and to don't miss out my signals !
1. Inverse head and shoulders : Neckline breached AND came back to test the resistance of the neckline !
2. Good volume when it breached The Neckline, (biggest volume)
3. The index of Marijuana stock is up 48.5 % this year after a correction
4. History repeats : after testing the support of the channel that I draw it ALWAYS tested the 12 dollars
5. Bullish MACD
6. Many alcohol and tobacco companies are starting to invest in marijuana stocks (not in this stock but shows the interest for the marijuana market )
I'm a professional swiss trader that has two funds , redfund and another private fund. I'm here to help people to choose the better stocks with the better value. I have 75% accuracy in my all professional career and in trading view my only fault was on a bitcoin chart so i have 80-95% accuracy on trading view and 100% if we take out my bitcoin prediction. Follow me to learn and to don't miss out my signals !
Trade active
Comment:
Very nice support and formation of the end of a head and shoulders before it will go up, with an inverted hammer !!
Comment:
seems to keep consolidating :) let's gooo
Comment:
keep consolidating patience, the Nasdaq can influence also this H e S
Trade closed: stop reached