Atualizado
ACB Accumulation
While I am almost certain that there is more pain ahead on the earnings front, at the current valuation, ACB is trading with a market cap this is almost in line with their fundamentals. I would say a market cap of just around $1B would be fair value, while it currently trades with a market cap of roughly $1.4B.
ACB has my interest again since they are cleaning out their closets. Together with APHA, these guys remain the assets that have the most potential for a strategic investment or merger, and in anticipation of institutional money returning to the space later this year, I'm thinking ACB will have a lot of upside. Investors are looking for confirmation, perhaps a good earnings call or other news to send the stock higher and justify faith in positive EBITDA FY21.
We are looking at a falling wedge, with decreasing volume. I'm considering to accumulate shares in the green zone, or alternatively buy in to a bullish break of this wedge. The latter is the safest play. I haven't yet decided if I trust these guys again.
ACB has my interest again since they are cleaning out their closets. Together with APHA, these guys remain the assets that have the most potential for a strategic investment or merger, and in anticipation of institutional money returning to the space later this year, I'm thinking ACB will have a lot of upside. Investors are looking for confirmation, perhaps a good earnings call or other news to send the stock higher and justify faith in positive EBITDA FY21.
We are looking at a falling wedge, with decreasing volume. I'm considering to accumulate shares in the green zone, or alternatively buy in to a bullish break of this wedge. The latter is the safest play. I haven't yet decided if I trust these guys again.
Nota
Actually, I'm going to stay sidelined. There is a Bullish Crab harmonic pattern in play that suggests a gap fill if we don't get any catalysts to drive the price.Trade with caution, everybody! This beast has taken enough of our money.
🅱🄰🆁🅺🆆🄾🆁🆃🅷
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🅱🄰🆁🅺🆆🄾🆁🆃🅷
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.