Singkat
ACB - Short
ACB closed below the green trend line on the daily.
Target 1 $7.68
Target 2 $7.31
Target 2 $7.20
Target 4 $6.32
Cannabis is an emerging market and while it will be quite big in the future, I wouldn't expect cannabis stocks to necessarily reflect that growth.
Case in point. I live in Colorado, which is arguably the Amsterdam of the US, when it comes to weed.
Seriously. Weed dispensaries outnumber liquor stores. Probably a good thing but check this out:
Many of those dispensaries are just one or two bad months away from bankruptcy and many are attempting to sell their business/licenses.
Much like commercial real estate in Denver, after spiking supply to meet demand, an equilibrium has found its place and the value of said real estate is falling.
I think Cannabis stocks are over hyped and they are not yet a value buy.
Target 1 $7.68
Target 2 $7.31
Target 2 $7.20
Target 4 $6.32
Cannabis is an emerging market and while it will be quite big in the future, I wouldn't expect cannabis stocks to necessarily reflect that growth.
Case in point. I live in Colorado, which is arguably the Amsterdam of the US, when it comes to weed.
Seriously. Weed dispensaries outnumber liquor stores. Probably a good thing but check this out:
Many of those dispensaries are just one or two bad months away from bankruptcy and many are attempting to sell their business/licenses.
Much like commercial real estate in Denver, after spiking supply to meet demand, an equilibrium has found its place and the value of said real estate is falling.
I think Cannabis stocks are over hyped and they are not yet a value buy.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.