Long
ACB & CGC: Trending?
Both these stocks have massively bullish monthly charts, and are probably reaching the euphoria phase where investors pile into them like crazy, forming a blow off top, followed by a lengthy consolidation after the bubble peaks...Daily charts give excellent trading setups using 'Key Hidden Levels' and 'Timemode' Techniques, created by my mentor, @timwest.
I'm long from this zone, was long from 6.26 on
ACB, and sold at 8.08: 
Was long
CGC from 47.4, and sold at 49.33, then bought back recently near support, selling in profit on Friday once again.
We reentered today, and looking to profit from the next uptrend, that might confirm ifACB earnings make the stocks gap up tomorrow.
Tread carefully, this trend might be similar to jumping into crypto by the time
BTCUSD shot from 10k to almost 20k in late 2017. Retail traders starting to get involved, institutional investors getting more confident and adding.
Best of luck,
Ivan Labrie.
I'm long from this zone, was long from 6.26 on
ACB, and sold at 8.08: Was long
CGC from 47.4, and sold at 49.33, then bought back recently near support, selling in profit on Friday once again.We reentered today, and looking to profit from the next uptrend, that might confirm if
ACB earnings make the stocks gap up tomorrow.Tread carefully, this trend might be similar to jumping into crypto by the time
BTCUSD shot from 10k to almost 20k in late 2017. Retail traders starting to get involved, institutional investors getting more confident and adding.Best of luck,
Ivan Labrie.
Note
ACB guess forecast panned out.
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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.