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Barkworth
Feb 23, 2021 8:20 AM

ACB Falling Wedge 

Description

Quick update to previous proposed dual count. Falling wedge in play, seems to favour the bull count.

Not surprisingly, a break out here would target the proposed upper range.

Comment

Held the low by a penny. Bull count still valid.
Comments
NR-Prince
Great work...love your analysis!
I think you are correct with ACB as they have not proven themselves and are still the worst performing in relation to other big players in the MJ space.
For the time being this stock is a swing trade until new management proves us wrong!
Barkworth
@NR-Prince, That is how I see it. Thanks.
daweizhang0202
It didnt break out upward, does it mean it needs to find bottom and consolidates now?
Barkworth
@daweizhang0202, Indices are pulling back. That is what is dragging everything down. Until indices are done correcting, we could see more downside. After that, we can position ourselves for recovery.
daweizhang0202
@Barkworth, thanks for sharing the thoughts and insights
glapo
thanks for the update. new jersey passed the mj law, hopefully that moves things northward.
greygooseorange
what do you think of smaller stock like OGI ? Do they just go up automatically with volume in the sector?
Barkworth
@greygooseorange, I only cover the assets I am interested in. Some tides rise all boats, some don't.
greygooseorange
@Barkworth, you speak nothing but wisdom~
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