CANNAINVESTOR Magazine August / September 2017 | Page 189

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I like the simplified view of ACNNF’s weekly chart:

After topping out around 75 cents we have seen the stock come down and fill some gaps from it’s mammoth move in February to April. The stock pulled back on far lower volume than what it went up with, which is always an encouraging sign for the bulls. Since bottoming in June, we have seen a progressive series of higher highs and higher lows. Depending on the type of trader you are or you could buy a pullback and sell into the 50 or 60 cent resistance or you could wait for it to break over 50 or 60 cents and buy the first pullback assuming prior resistance turns into support as we’ve seen so many times in the stock market.