ACB - Very mixed signals but due for a bounce

Not the type of charts that shows a lot of confidence either way. This stock rebounds from oversold but the selling might continue for a few sessions and might continue in its intensity. Creating and even more pronounced bounce. Numerous sequential bearish articles on this stock has helped it reached these levels. Insider buying has yet to have any positive impact on market sentiment. Very strong support in the low $7 as a base for the technical bounce.
1-Month Low $7.30
14 Day RSI at 30% $7.24
13-Week Low $7.11
Pivot Point 1st Support Point $7.10
38.2% Retracement From 52 Week Low $6.98
Pivot Point 2nd Support Point $6.81
Highly speculative but extremely rewarding when traded at the right time.
Comment: As expected, we saw a nice technical bounce. To support this as a likely short to medium term reversal, the whole sector received a boast from the Trump support for State legalization efforts. Bullish
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out