Getting Close to Buy Zone

7 gen 2020

I'm eyeing the .886 FIB for there to be a bounce which is at $1.60. There's about a year of price action support from 2016-2017. The RSI is in a falling wedge and getting to be in the way oversold areas. The MACD is starting to form a divergence a bullish divergence on the histogram and have a bullish weekly crossover. If you look at the weekly bullish crossovers of the MACD on ACB the price went up on everytime.

Entries:
$1.60
Buy when MACD weekly does a bullish crossover

13 gen 2020

Nota

$1.60 Filled

16 gen 2020

Nota

As of right now everything looks great. As of now, the weekly candle is an bullish engulfing candle reversal. The candle still needs to close like this for it to be still be a engulfing bullish candle. The MACD is nearly about to do a bullish cross over. Will have a further look at it over the weekend.

Stop loss is at $1.49

21 gen 2020

Nota

Feels like inverse head and shoulders to me. If weekly MACD closes on a bullish cross i think its pretty much confirmed its going way higher

12 feb 2020

Nota

I got stopped out. CEO stepped down recenctly and the earning report is coming out soon which will likely be bad. There is bullish divergence happening on higher time frames on rsi which is something to look at. If this level can hold I just feel like its going to 60 cents.