New 52 week low $5.73....If we reverse the split, one share is worth .47 cents.
The knife continues to fall. Where is the bottom?
Some guy boast 3 weeks ago, sharing his purchase of buying 1,000 shares at $9.5..
Well, he has lost $4.000 a share or $4,000 in 3 weeks.
You NEVER, Ever buy a stock with the intention of holding....
Why????? The stock can easily go lower---as shown by the candlestick chart on the weekly and monthly time frames for ACB.
Major support at $5.50----stock has not been this low---$5.73 or .48 a share since 2015...
What an utter debacle..Countless investors have lost thousands of dollars...
Bottom is not in yet....I
will wait until the stock bottoms and then scale in.
Be sure to set a stop loss.
A few days before next earnings in January 2022...or whatever,
I will load up, providing ACB is moving up on the daily chart.
The bottom is not in yet..Never buy and go long/ hold when a stock is trending down----lower highs and lower lows on the daily and monthly chart.
Wait until the stock bottoms, which will be identified by a range , the share price moving to support and resistance---not breaking out, into a long, term uptrend.