ACB, CGC, APHA - Green but can it continue
Bullish
- CGC price made a lower low but the indicators are made a higher high
- On the weekly chart of APHA and ACB, both have maintained their horizontal support
- ACB weekly chart RSI is below 30 indicating its in the oversold region
Bearish
- All indicators are trading in negative territory or momentum, specifically the MACD below the centreline and none of them have made a bullish crossover yet
- Slow stochastic of ACB shows price could keep going down as it has been in the oversold region for some time now
- Prices have been in a strong downward pressure and could remain to do so, unless there is a fundamental shift in the cannabis sector
CGC Daily Chart
Apha Weekly chart
ACB Weekly chart