Not Trading Advises. only for learning. Appreciate feedback and criticism I think Aurora is in a upward trend to its ATH price range based on the following: • HH & LL • RSI showing positive signals and positive momentum • Volume increased • Structure/Support at $9 Cad, not sure how strong the support is, and if the support is hold at $9, i interpret it as bulls have control over the stock and expect to see higher SP. • Respecting 200 Ma, and trading over 50 Ma.
• By and large $ 175 millions Cad in revenue Q4/Q1 2019/2020, by and large $700 millions – $ 1.2 Billions Cad Revenue 2020. ( PE 10 on today's price ) and expected to grow in to a Billion dollar quarterly revenue company, • Aurora is getting traction in the media. Buy rating. • Cannabis market is getting more love every week, being talked about more and more, many times a week on Yahoo Finance, and Aurora is often mentioned. • Higher marginal products coming online
Target: $12-$13. If the price drop under $9 Cad, trade is not viable. ( my rule )
Disclosure: Aurora is my biggest holding, resp 30%. Planing to hold for life if the company continues to grow. Not Trading Advises.