Looks to me that it’s going to right the minor uptrend line to the ER and then pick a direction. Could be lucrative if to the upside but 50/50 :/

https://www.tradingview.com/x/oBmLgapv/

I have both ACB and CTST from this group of trade ideas my ACB is above water but my CTST is still just not seeing any love. My question is are these still viable and just require a bit more patience?

@rsotc Seems as though it’s struggling to maintain. Two back tests or creating a set of lower highs? https://www.tradingview.com/x/ovXJN5Po/

ACB just hit 3.86, triggering a buy signal/entry for the trade setup & as such, is now an Active Trade.

Thoughts regarding what? I do think ACB, as well as the cannabis sector as a whole, appears poised for a tradable counter-trend rally & they just need a little more upside to break above some resistance levels that would likely spark it. With ACB, I believe that level will be a move above 3.85 but ideally, you also want to see most of the other big cannabis stocks also breakout impulsively above their comparable resistance levels just overhead.

You could certainly target 4.12 although that is just above the 4.07 resistance level in which I set the first target slightly below on the official trade above. I did that as the odds for a reaction on the initial tag of 4.07 are decent but if ACB gets there & just after or as many of the other pot stocks are breaking out, there’s a good chance it will blow past 4.07 without much, if any, reaction on the initial tag of that level.