will it fully recover? highly doubt it. but it is on sale...
They expect their new shelf prospectus and reverse split to be completed on May 11. Based on last week's market cap, we would be looking at 35% dilution, but after yesterday's sell off, it is getting closer to 50%. I had a buy box for a bounce play, but for the time being, I will be avoiding ACB like the plague. ACB and CGC, they once were kings of a promised...
12 to 1 reverse split with a new shelf prospectus to immediately raise $200M. Current market cap $780M. That implies dilution of 25%, directly after splitting. Still, there are people buying at the current levels. Are those shorters, stocking up? I got APHA at recent lows. Earnings on Wednesday. I'm hoping for a killer. Then we'll leave ACB behind, forever.
Symbol: ACB Cannabis stock analysis, want to see this one play out. Correlate it with the last etf I just shared for cannabis sector health. Hope this helps. Enjoy. 🤠 ---------------------------------------------------- Want to level up your trading skills? We just realesed our new course! Follow our tradingview page and visit the link in our bio if you are...
Volatile as ever, the penny level only made it worse. Insane profits for those that understand how to day trade this asset. Respecting FIB levels as always, currently resting at the 0.5 of the most recent rally. What are we looking at? Bulls will need to work hard to aim for $1, while the bears will try and get her down to $0.59. Anybody noticed the buy signal on...
Good evening Trading viewers, I present to you my second analysis on weed stocks. Is it a voodoo or a complex set of modelers in background or a mystic play of my mind. The infinity governance of time and space has played in part lower single digits. The axiom quantification of price says tlry $50, is it possible?!!! Stop loss 1$. We will see, maybe i am right or...
It tried to stay above MA20 for a few days, but I really think the ETF Alternative Harvest has been rebalancing their portfolio last week, which explains the sudden spike in volume for just a few selected asset, which are all in their portfolio. Don't misinterpret ACB's underlying weakness as "oversold". It is currently trading at fair value. It has fully...
Cannabis stocks are looking juicy. 59 cents would of been sweet buy. To early to call for now.. put limit at low .
No idea what caused that insane volume, but it certainly doesn't look like anything sustainable. If you followed my earlier idea's, you know that my targets all hit. I don't know whereto from here, but since today's spike looks topped out, and we're headed into the weekend, perhaps we can try some FIB Retracement to see how it will drop back down. It worked with...
Long OGI ($1.57) as the coronavirus has taken this stock down along with the industry, and the virus is only causing consumers to get more and more STONED. Operations are being run out of one facility, excellent executive team, financials are stellar compared to competitors; stock is a gold mine. Price Target @ $4.50 by end of Q4 2020.
Just in: Founder Terry Booth just sold 12 million shares.
The next FIB level down is a dire one, that we really should be hoping to see. But if it comes, it is $0.49, and I am placing my GTC limit order at $0.55, just so that I don't miss the bottom. We are currently waiting for SPY to choose direction, but with COVID-19 likely out of control everywhere very soon, there is very little left for the bull thesis. Don't...
Someone commented a while back, that I should compare ACB's bubble with AMZN's bubble, from that time right after Amazon's IPO. Remarkably, the chart patterns look identical to a tee. The reason why I chose to share this now, is because it is interesting to see how AMZN's price acted, after the bubble had burst and the bottom was found. There is an initial...
First buy box reached. I had reserved an amount for this moment, and I have divided that amount into three baskets. The first one filled at $1.15. The next FIB level down is around $0.89, but this may very well bounce at the $1 psychological level. A third will be purchased if it drops into the box below $0.80. At the moment, judging from a fundamental...
I have long loved ACB as my main cannabis pick, but these guys have done nothing but cheat us. Misleading guidance, promising profitability, dilution on the first sign of bullishness. I suppose that is how the world works, if you bet on a naked swimmer. Right now, it tries to bounce with the rest of the market, but can't even get above the 50 hour moving average...
Decreasing volume as price declines, and macd and rsi divergence. BUY?