$ACBFF has a good setup for a long idea on a breakout. The stock is extended but with Marijuana being so hot right now the momentum alone can make this a nice trade.
Sorry a little Zoolander reference that popped up in my head. Anyway, this stock is actually the U.S. version of Canada’s ACB:CN. What I like for the trade’s potential is marijuana is legal in Canada which gives people confidence that these Canadian based stocks can really run with limited headwinds. $ACBFF showed up today on my ‘Darvas Breakout Scanner’ and I currently have an alert, on my thinkorswim, setup at $11.80 which will likely trigger tomorrow.
You can follow this trade on my Tradingview post as well:
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Mark aka TheBossTrader