- A lot of traders are looking for an entry point into weed stocks. ACB has a big potential for a big swing trade. - Watch for a bounce off the bottom channel for a buy entry. - Ichimoku cloud shows upside in the 1 week and 1 day time frame.
Trade at your own risk.
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Price has bounced off channel - waiting for confirmation.
I noticed this line a while back. I am sure it will bounce off the bottom of the channel, but I think it may have to break this resistance before it heads upwards again... What are your thoughts?
Litwolf
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@Barkworth, I also believe it will need to break the top of the channel to reach ATH. Ichomucku cloud in the weekly time frame shows we’ll see it in the coming weeks or month.
looks like 11$ will be a hard resistance but if the volume sustains like today then we should break it and go to the top of the channel at 12$ in the coming week !
Great analysis
Thank you !!!
Litwolf
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@saqibp, hold strong to 15CAD and we’ll be all laughing to the bank!
saqibp
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@Litwolf, 15 in short term seems a bit tough. i go week by week for this week im hoping it gets to 12$ atleast.