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.

• 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.