Acb stock price forecast recent market analysis on "ACB stock

Recent market analysis on "ACB stock price forecast" shows support near CAD 0.48, with resistance levels forming around CAD 0. Canopy Growth (NASDAQ: CGC ) is one of the cannabis stocks to sell for similar reasons described above, but with a twist. Along with being a sell due to a murky regulatory environment, shares in this Canada-based cannabis company are also a sell due to dilution risk. Most notable in Wednesday's dot plot were forecasts that showed seven FOMC members see no change in rates this year, signaling a more hawkish stance compared to March when four officials saw no change. Two FOMC members expect only one interest rate cut this year. Short-term traders looking at the "ACB stock price forecast" note a bullish pennant formation, often indicating potential continuation of upward momentum. Cannabis licensing updates may provide additional fuel for rallies.