With earnings approaching and a strong chance for an earnings miss, ACB seems to be rolling over into what seems like a continuation of the prior downtrend. The only thing that could save this stock is a good report. Anything less than great will be met with strong selling. This would be the capitulation of the likes of CGC, CRON and of course ACB that would all tank together (strong correlation between most weed stocks). I would expect next resistance to be in the 2.00-2.50$ region.
Kommentera:
next resistance at 2.5$ - 2.0$ and finally 1.50$
