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Here's those 7.20's; next level is 7.00 (support) from yesterday's bonce.
7.20 is not a failed support area - no longer valid, if closed below.
We're talking big boards; not OTC. Those are the one's institutions and the market cares about. I won't name the other five I trade, but many already know them. The big boards own the ETF that monitors the sector.
It's a sector play; not solely one stock.
+Farm Bill is catching momentum. If passed, it'll legalize the industrial hemp legislation; allowing cannabidiol (CBD) to be legally sold in all 50 states.
Exactly. Phased-in several positions in the 7.30 - 7.40's yesterday. Trending has weaken (yes we may go down, but strength and momentum into the trend is diminishing). 7.55 and 7.25 are current support areas - look for price to maintain closes above those to validate the support and moves.
We buy in small chunks to avoid volume spikes and driving price too far; too fast. Most of the buying is completed on the way down (phasing-in (not all at once)) and during sideways periods. Unless fills are not filled and price begins to run, then buying on the way up is initiated; otherwise prices higher by retail are not chased. There are alternative methods to drop/raise price action once options are in play. When scared money is Selling; there is someone Buying.
Buy on weakness; Sell on strength.
"The time to buy is when there's blood in the streets." ~ Baron Rothschild
Yes, if => $100 Million.
Sizable buying showing up. Need to maintain above 7.70 (close); like to get above 8.44 by end of the week. Above 9.75 puts $ACB back in action to the next resistance at 10.80.
Deals & production go hand-in-hand. They'll need to ensure supply can meet demand. As more countries join the cannabis movement; it'll open up more opportunities outside.
CNBC: Speaking about growth and reasoning behind sell-off. Retail traders cycling out and institutional trades cycling in. Good Stuff. Focus is institutions as a whole for cannabis.
CNBC, Canopy Growth will be airing in a few minutes.
Others took the hype out of the market. $ACB may be late to the party.
$ACB 7.46 next support; needs to maintain a close above yesterday's close 7.70 area.
Sector ETF broke below yesterdays close; more pain on the horizon without buyers stepping in.
Gap up was sell signal; especially with sector down 7 days straight. The fill was the retest for buying. If the close of yesterday fails, that is your stop-loss. Same thing as broader market this morning.
Keep in mind that was pre-market context, due to implied volatility. For instance, the broader market was up +100 points and now negative. Pre-market volume is usually light without the volatility swings. Unless there is a news event causing impact.
Great time to people to sell on the gaps and buy back on the fills.
Gaps don't always fill. The gaps you're referring to are at 6.50 and 5.00.
Need to turn 8.19 into support.
Gap filled at 7.75.
All that mentioned was built into the stock (FOMO) and set-up the 'sell the news' perfectly. Give it some time; lower your average costs, as needed. Or sell on these gap opens and buy back on the gap fill(s).
8.22 key resistance.
Keep in mind the float is very low for that ticker; $ACB doesn’t share the same float, so expectations shouldn’t be compared apples to apples based solely on up-listing.
LOL. If not today tomorrow. That will get the momentum going again.
Above 9.98 would be ideal....
Yeah buddy. Like to see it run post market.
Added more to my position at 7.40 today. Position is swollen now.
Yes only NYSE
Added to position.
They showed strength on that area yesterday.
Pre-market trading has begun for $ACB
Your account will balance out. Many times there are maintenance protocols taking place post/pre market. Everything will balance out prior to the opening bell.
See what happens. Buyers stepped in off the 8.00 area of overbought areas. Cannabis ran too hard too fast in my opinion and has since experienced a healthy pullback.
GOAL is to make our ascent back above the 9.94 area to reverse the downward trend. Close above 10.00 would be very bullish.
Close above 11.75 gets this train going $$$
Should be reflected in the morning, one TDA receives the $ACB shares.
Once your broker receives the shares with the new ticker symbol $ACB they'll reflect, but it should be tomorrow morning. There is no buyout of shares.
8.60 support held the close; remains in downtrend on Sell The News.
Expect CNBC exposure this afternoon; definitely tomorrow. $ACB
Make em' chase... $ACB
Momentum showing signs of turning intraday on heavy volume. Charts are insanely oversold - the more the oversold the bigger the move inmost cases.
Looking for the lunch break bounce carried through the afternoon.
8.60 support re-test coming.
$ACBFF will be converted to $ACB. You need to make sure your broker reflects the ticker symbol correctly in your account.