I think Aurora will do a wave 5 up. After the first report Aurora look like to have a strong future. And with pension founds and other institutional investor starting to pick up Aurora shares i think the SP will start to reflect it. I hope it will be a steady climb as it for me represent a shift in sentiment and a new type of buyer have come around.

Changed sentiment bull target: $14 cad
Trending range: $8,30-$9,30
Changed sentiment bear: < $8
Not trade advise. For traning
There are additional signs that suggest you are right. If you look at the 50EMA and the 200EMA, you'll see that they crossed. The last time they crossed like this, was a few weeks before it set last fall's high. The running up period shows similarities too. We see a huge sell off, prior to the rally, with bulls defending supports very aggressively. We have seen significant sell offs recently too, with similar bull activity. I'm right there with you, though I know that the actual spike may still be a few weeks away, I don't think we'll see dips below recent support. If we do, I'm planning on buying more stock. Lots more.
@Barkworth, Okey thanks for information. Yea, i agree with you and planing to execute the same strategy
+1 Reply
your wave 4 has overlapped your wave 1, therefore it's not an impulsive wave right?
+1 Reply
Barkworth Guneetgrewal
@Guneetgrewal, Is that part of the impulsive wave principle, that the wave 4 dip has to end above the wave 1 top? (I'm new to TA, so thanks :-) )
@Barkworth, @Guneetgrewal , Dont know, using the wave more as a visualizes tool.
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