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ACB downward movment - Even with news of reverse stock split.
ACB is doing a reverse stock split of 1 to 12 on May 11th. The market isn't rallying with this information.
Above is the hourly chart.
If you support the company, this might be a good time to buy the stock before the reverse split.
Above is the hourly chart.
- Arrow 1: The OBV support was broken today, a bearish signal that people are selling more.
- Arrow 2: -VI broke the 1.10 mark while the +VI passed below .90, a another bearish signal.
- Arrow 3: SMA 9 below SMA 18 and PSAR is heading down.
If you support the company, this might be a good time to buy the stock before the reverse split.
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