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

Complete and Continue