AAPL has been seemingly complacent while others have rallied for nearly three weeks. While great for iron condors, it has been flying low on the radar for those looking for growth. Support has been established and the stars are lining up. Fundamental issues have been priced in and a brief rally at earnings proved that. We're about a day away from a breakout to 177...
We know how fast weed stocks move when they hit proven support lines.
One more trading day to prove 6.90-7.00 support will likely bring ACB >8.50 by 3/1. It's possible we'll see a little lag, but expected move should happen by 3/8.
Peak-to-peak, ACB has averaged 10%-20% leaps. 10% leap from previous peak of 8.34 brings us >9.00
ACB trading at 6.93 while posting this.