The Gap up on April 30Which started at $7.39
will be filled
ACB has dropped below $9.00
I fully expect ACB to drop to $7.39 before or once earnings are announced, including a $2 billion
$@@4&@!!! write off.
$2 billion!!!!! How can a company survive a $2 billion loss
with earning expected to be $70 to $72 million for the quarter...
The Share price is at 3/4 down lower wick of the monthly candlestick time frame.
As I said, look for the Gap up to be filled, at a price of $7.39....
That could be an entry point----stock would be approx....73 cents ( reversal of 12/1 split).
ACB is a perfect example of what is known in the stock trading business as a " falling knife."
You cannot catch it, meaning don't buy a stock that's a falling knife because the stock price will likely fall lower...
When to buy ACB??? After earnings. After ACB begins trading in a range/ accumulation. As well, conduct a due dilegence at ZACKs and Yahoo.Finance----EPS, Price Earning Ratio, price to sales,, price to book, debt left/possible write down....
The Gap up will be filled---at $7.39