ACB is a great stock. Super cheap for amount they produce. I'm long in the long run
But I think there's substantial opportunity to make profit by shorting the stock as it experiences corrections in it's uptrend
Normally I wouldn't recommend timing a stock like this or trading against the trend, but it's not seeing 10% pullbacks on upward moves, it's seeing 50+ %...
LIMIT: $375-$370
STOP: $365
TAKE PROFIT: in the 440s if conservative, otherwise use as entry point for long position this generally attractive stock
A long position with a tight stop at the support level it's traded between the past few days has fairly lucrative breakout potential, while limiting losses that are sure to be substantial if more bad news causes a...
