birdy619

hopefully 50 cent cannabis stock!

NYSE:ACB   None
so currently we await the fait of this cannabis stock. s if we look at the fib retracement this stock has broken through the majority of support. with possible recession talk on hand, bad earnings, and an exuberant rally of 6,000% in 3 years. its a no brainer this stock need a much need pull back. what we are waiting on now is for it to find support before we decide to buy in. it has already pulled back over 80% its all-time high but we need to see the price at least somewhat stabilize before we decide to buy in. we are going to be between the $1.50 to $2.00 range for a while. which is great for an accumulation phase. but if selling persits and we break the support of $1.50 we could see a drop to the $0.25-$0.50 range. currently we i personally am not buying untill i see some support come in on the prices and we break the lime green resistance line denoted by the white arrow.

if you like trading with leverage check out buybit using this affiliate link!
www.bybit.com/app/register?ref=myOl9
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.