They were left out of the deal with Aphria, lost a CEO last year who was hired particularly to find a merger/acquisition, they have been continuing layoffs, lost billions of dollars last year, keep diluting the stock, and they are running a large multinational organization (complicated).
The best hope for ACB is that it has hit rock bottom as a company and will survive with nowhere to go but up.
Watch for these moves to see which way it is heading.
Yellow line through a green zone is a potential buy,
Red line through a red zone is a potential sell.
Always check fundamentals/technicals before making any trade.
The best hope for ACB is that it has hit rock bottom as a company and will survive with nowhere to go but up.
Watch for these moves to see which way it is heading.
Yellow line through a green zone is a potential buy,
Red line through a red zone is a potential sell.
Always check fundamentals/technicals before making any trade.
Comment:
It's falling through the trend line as we speak, so it's too soon to confirm failed support but it's not looking good.