ReadBearTrading

ReadBearTrading Updated 

A close above 1.48 could lead us toward 1.99 and 2.21 as next targets but ACB is IMO not a company where you should put your savings so this is for me just a little gamble. Stop 1.40

ReadBearTrading

We broke the support zone, too low now to short and too early to buy. I'd wait to be in the area 3,80 USD-4,00 USD to buy with a tight stop like 3.72 USD and target near 5.50 USD. If the Nasdaq100 go up in the next hours and resume an uptrend, ACB not likely to go under 4.50 USD then buy around 4.50 USD -4,80 USD with a target 6.50 USD That's my idea looking...

ReadBearTrading

Price is close to what can be a support zone, we could buy between 5.85$ and 5.50$ and expect price go up to 7.50$ in the next weeks. Such strategy need a tight Stop around 5.40$ because if we break the support line, price may head to the 3.80$ area i.e. 2020 lows. The price movement (up or down) will depend on what the Nasdaq index will do in the next days, Xmas...

ReadBearTrading

We get 3 days out of the inferior Bollinger band, yesterday we had reintegration and we can expect the price of GPL to match with the moving average 7 days near 0.32 cents actually

ReadBearTrading

Seems we have a nice head and shoulders on ACB that could push the price near 9 USD during the next 2 monthes. Stop under 6.30

ReadBearTrading Updated 

ACB published their results and the next day the stocks lost more than 6% reaching the year low so far. This company is not worst than others companies in the cannabis sector, so I can imagine that if the main stock indexes like SP500 or NASDAQ go back in an uptrend for several days (what seems they're about to do) I can imagine that buyers will come back on this...

ReadBearTrading Updated 

We're out of the pattern, can we keep going up or is it a false break out with a return inside the pattern and a very low target set for the next weeks ?

ReadBearTrading Updated 

The market is up 24% since the beginning of the month without a consolidation, can we keep going up to reach the hights of 2019 before the COVID19 crisis ? do we need a pause to find new buying levels around daily supports 5463-5343 or 5175-5211, do we need to close gaps 5000-5022 or 4730-4705 ? Can the hope of recovery from the Pfizer annoncement on 9/11 be...