ACB Marijuana related volatility in a penny- SHORT
Updated
On the 2H chart ACB a penny stock appears to be heading down after an uptrend into
VWAP band resistance. The HMAs have put ina death cross and the lines are downward
and under the histogram. The dual time frame RSI indicator shows the lines falling through
the 50 level. This stock offers shares under $ 1.00 each and also put options. It is likely
not shortable so I will but put options and hope to have a fast ride with them. The stock target
is the psychological level of 0.5 also confluent with the next VWAP line down. Is is a 8% drop
in share price and would yield a good 50% or more on a 7DTE call option. If you are interested
in my specific option setup in mind, please leave a comment.
VWAP band resistance. The HMAs have put ina death cross and the lines are downward
and under the histogram. The dual time frame RSI indicator shows the lines falling through
the 50 level. This stock offers shares under $ 1.00 each and also put options. It is likely
not shortable so I will but put options and hope to have a fast ride with them. The stock target
is the psychological level of 0.5 also confluent with the next VWAP line down. Is is a 8% drop
in share price and would yield a good 50% or more on a 7DTE call option. If you are interested
in my specific option setup in mind, please leave a comment.
Trade active
Price is sideways today. Holding the full position.Note
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