Long
Targeting a +40% long on symbol $ACB
An ascending triangle forming as a name in the hot Cannabis sector sets to breakout to previous highs.
Trade active
ACB still adhering to our identified consolidation pattern. Just a matter of which way it decides to break. Since this industry is widely bullish, so remains our outlook for this setup.Trade active
And there's our breakout, hit $9.25 and is relaxing back, trading at $8.99. Watch for price to come back to retest the line @ ~$8.35 like a text-book breakout, or any kind of consolidation/range trading before another break higher.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.