ACB Stock: The Tide Has Turned, Lower Prices Likely to Prevail
I have been saying since early October that a defensive stance is the best course of action. And now we are seeing why, as the climate for stocks has gone from bad to worse very quickly.
December is on pace to be the worst December since the Great Depression, and almost no sectors have been sparred. Those that were performing the best are now performing the worst, which is why marijuana stocks have sold off as much as they have since the sector peaked on October 16.
The relentless selling pressure endured by pot stocks has done its share of technical damage to the sector. Many, if not all, marijuana stocks have.
Den vollständigen Artikel lesen ...
I have been saying since early October that a defensive stance is the best course of action. And now we are seeing why, as the climate for stocks has gone from bad to worse very quickly.
December is on pace to be the worst December since the Great Depression, and almost no sectors have been sparred. Those that were performing the best are now performing the worst, which is why marijuana stocks have sold off as much as they have since the sector peaked on October 16.
The relentless selling pressure endured by pot stocks has done its share of technical damage to the sector. Many, if not all, marijuana stocks have.
Den vollständigen Artikel lesen ...