derekh42

Buy Target Prices After the previous failed uptrend

TSX:ACB   AURORA CANNABIS INC
My last trade failed due to bear pressure I was able to get out at 9.50 for a couple hundred dollars profit. rebought and 9.00 and resold at 9.12 for 1200 dollar day trade. the Bear pressure is huge the shorts have locked up some huge positions recently and with selling pressure we close below the daily 50 Day Moving Average. I think the bears will push it down to break and retest the 200 MA currently sitting at 8.30ish CAD. Monday should be very volatile as current investors see the bear momentum which more selling pressure and larger short positions will come in. we are due for a 200 day MA break since it hasn't happened in over a year. so will they push ACB into the 7's again? most likely but not for long. The buying support will come in and 8.00 will be ACB's major future support. I'm on the sidelines right now waiting for my entry.

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