Short
ACB Short- catching large corrections bull market
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+ % corrections, which makes the strategy viable.
The macd indicates the stock is currently bearish, and if this correction follows the pattern of large pullbacks, we're about 1/3 into the move, leaving more room for upside than for downside- A nice KISS (Keep it simple, stupid) strategy
LIMIT: $9.90 (-5.50%)
STOP: $10.30
TARGET: $8.90 (+10.00%)
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+ % corrections, which makes the strategy viable.
The macd indicates the stock is currently bearish, and if this correction follows the pattern of large pullbacks, we're about 1/3 into the move, leaving more room for upside than for downside- A nice KISS (Keep it simple, stupid) strategy
LIMIT: $9.90 (-5.50%)
STOP: $10.30
TARGET: $8.90 (+10.00%)
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.