Could these be called Intermediate Double Tops?

21 Şub 2018

This caught my eye - on Nov 15th and 28th 2 ACB peaks diverged with the RSI, the price dropped, recovered, slipped sideways for a week and then shot up 100+% to another pair of peaks with RSI divergence on January 8th and 24th. Again ACB dropped and recovered partially -- it's a real rollercoaster, huh? Canada is going to legalize pot in July so you'd think ACB would keep climbing, but the P/E is crazy high already (1000+)... I hope there's another surge, but you'd think it has to crash sometime after July.

3 Nis 2018

Not

I dumped my shares as the price continues to drop. Maybe as July/August gets nearer it will look more attractive, but there's lots of reasons to be cautious about these crazy-high valuations.