acb stock is very boring lack of volume is telling us a big move up or down is coming. this is a great change to test eh long term trend line. 8.50-8.85 would be healthy. If you want to add shares that's when I would do it.
I think a Black Swan Event is looming in the Cannabis sector. Weather its a CPG company, another Alcohol or Health / Pharma company. I say this because edibles & American legalization is looming with elections, I don't think cannabis stocks will get too much cheaper.. Canadian LP's with no U.S exposure will get wrecked though.
Time will tell per usual. I see a descending triangle pattern here but I'm not picking on them... It will hurt the whole sector lol.
derekh42
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@ScotianBot, meh i dont see it yet. as the US dollar weakens and the FED and the ECB start buying bonds back with newly printed debt notes, stocks should do well in the last bit of the year. anything can happen tho.
derekh42
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Look at hmmj trend broken will retest back side soon
Time will tell per usual. I see a descending triangle pattern here but I'm not picking on them... It will hurt the whole sector lol.