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.

Kommentera:

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