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$ACRHF Stock Chart Analysis & Price Prediction
Acreage Holding Inc. ($ACRHF) chart, like many cannabis stock charts, looks like everyone is getting smoked out, but is there a chance to reload the bong for some primo rips?
Quotes by TradingView
Acreage Holdings Inc
Acreage Holdings, Inc. engages in owning and operating cannabis licenses and assets in the U.S. with respect to the number of states with cannabis related licenses. It focuses on the cultivation, processing, and distribution operations. The company was founded by Kevin P. Murphy on July 12, 1989 and is headquartered in New York, NY. (Tradingview)
Currect Buzz
Currently, selling through a huge running-flat that ended 1st week of May, we should see a little more selling while ending on a 5th wave south on a semi-cycle. Price target around .87 cents will start the semi-correction leading into more selling towards .68 cents which in likeliness will catch around .57 cents.
Afterwards, another small correction is due which will likely see .88 cents (depending on volume increase) and will sell south on final primary-cycle's 5th wave which might see a floor around .49 to .44 cents before primary-cycle correction, which looks to be prepping around 1st and 2nd week of Aug. 2022
TAKE A HIT OR LET IT SIT?
Acreage Holding Inc., cannabis stock ticker $ACRHF, is a not hit for me. If my chart is correct, a price drops down towards .57 cent (.60) might be inviting to jump in for a quick swing play, if so, I would be following with caution and keep an eye on the volume levels, if they look low or start acting shady, it would be a good sign to get out of the trade early.
If you want to wait your turn and enter in at a lower price, the price target around .49 - .47 cents might be the best option as it looks to be around the same time other marijuana stocks seem to start preparing a cycle correction. Pot StocksWriting by Nick CaskeyPot Stocks provides stock chart technical analysis for cannabis investors in the marijuana sector of the stock market(s). Follow PotStocks420 on Twitter! Made or saved money by following these charts? Consider sending a tip or donate towards the analyst's pain management fund.
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Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations by Pot Stocks - These are theories and ideas using a chart analysis method developed by Nick Caskey.