Looking to move!

2 thg 5, 2018

If we can get some decent volume back into the sector you can expect this one to move. 7.95 and 8.00 will be tough to break but the next resistance is around 8.25 followed by 8.50. After that it can run back into the 9 and 10.00 range. Markets closed strong. MJ sector closed strong. ACB had a good 3 afternoon with its last 3 candles all closing at the high of the hour and an ok buy to finish on the 5 min chart. Like the others this should start strong but we will see how the markets in general react.
I have been told that It is expected to list on the NASDAQ this qtr.
I would buy here however this one also has a little more risk. Its floor appears to be down at 7.65.

With all weed stocks I expect a good open and then we will trend with the overall market. This could be a good time with some big players releasing their financials in other sectors.