isnarain

Guru Isnarain Analysis for Aurora Cannabis Inc. BULLISH

TSX:ACB   AURORA CANNABIS INC
Out team has formulated data gathered to determine an extreme bullish short term reversal in SP followed by a moderate bullish Continuation in SP for the medium term. Price Projections for next week are range bound from resistance and support levels, historical data, 52 point indicators, trailing MVA, analytical Data relative to time of resistance/support, etc... We do not see a bearish continuation of SP , as the MJ sector is rebounding with a strong bullish reaction. Comparable to its peers, we do believe Aurora Cannabis will be the winner next week in regards to overall gains, regardless of investor sentiment r/t acquisition. Moreover, I do apologize for the poor drawing (I'm not an artist, I'm an Analyst) we do anticipate the Sp to be range bound from a low of 8.26 $ ps to 9.55$ ps for next week. Share price will be dependent on investor sentiment, news releases and price points obtained, particularly if the price points of 8.30 or 9.20 are reached, these will determine strength of bullish reversal. Our team has determined there is a very low probability of less 10% for a continued bearish trend within the MJ index and ACB .TO for the medium term. We have determined that ACB .T will see the strongest short term gains among the Top 5 producers this coming week. Our team do own shares in the MJ sector. Our position in ACB is small comparable to its peers. Subsequently, we do believe there is an misunderstanding and worry of share dilution with the acquisition of Med leaf. So to brief you on why we believe next week will be extremely bullish 1.) We believe there was an over reaction and subsequent sell off of ACB. 2.) Weeds SP has gained 50% on its SP from April 10th ; ACB (2/3 Market Cap relative to Leaf) has gained 17%; med leaf (1/3 Market Cap relative to ACB ) has gained 62% SP: Average among the two = 26% percent Gains in the same time frame. We believe ACB has short term gain potential greater than 24% current SP or 9.82$ ps and is inline with Market share for MJ space. Similarly to Canopy Growth Co's past acquisitions, which is proven to be very bullish for investors, even if investors believe it to be negative. If Industry Sector continues the bullish run, which we anticipate, ACB will likely hit 11.50$ ps by June 1st. We do not have any charts formulated for a bearish downturn, as data gathered indicates a bullish recovery.
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