ACB back in buy zone
ACB has reached a historical support of of $1.5 which was established after the run up at the end of 2016. This price is close to the 52-week low.
There is also high buying interest at this level as shown in the VPVR indicator. The daily RSI and MACD seem to be reversing out of bearish territory.
The price may go down a bit further. Placing a stop loss around $1.10 would be beneficial.
Fundamentals:
The revenue has been steadily increasing over the past few quarters as well as the earnings per share (EPS) which is finally positive.
Note: This is not financial advise. Please do your own research.
There is also high buying interest at this level as shown in the VPVR indicator. The daily RSI and MACD seem to be reversing out of bearish territory.
The price may go down a bit further. Placing a stop loss around $1.10 would be beneficial.
Fundamentals:
The revenue has been steadily increasing over the past few quarters as well as the earnings per share (EPS) which is finally positive.
Note: This is not financial advise. Please do your own research.
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