ACB pivot long over 50SMA?

Discussion in 'Technical Analysis' started by KCalhoun, Jan 7, 2021.

  1. KCalhoun

    KCalhoun

    this cannabis stock looks like a potentially great pivot play if it gets back above 50SMA & again >15. thoughts?

    acb7jan.jpg
     
  2. maxinger

    maxinger

    It seems like
    there is a converging triangle formation, and price
    will probably hang around 13 and 7 for quite some time.

    the recent spike in volume appeared to have failed to attract traders' interest.
     
    Last edited: Jan 7, 2021
    murray t turtle likes this.
  3. %%
    Looks like a qood chart;
    for an inverse tech ETF but i just did an exit on sqqq.
    Hoping to buy more into TAN sector but its so super strong maybe later in month/see how much better it does than spy/QQQ/qld Hope is not a bad word as long as its not forced.....................