Large bullish wedge (outlined black) currently in a breakout. If the breakout is sustained and the .618 fibo line ($10 zone) is broken, while using the pitchfork strategy, you can see aurora can potentially reach 20 Dollars by May 2019. Continuing good news can accelerate this growth.
Pitchforks can be broken in both directions - it is only a guideline or enlarged operating channel.
The purple trend lines will act as weaker resistances or supports along with the moving averages (9,27,99).
Potential outcomes to plan for:
- The 618 line could give some good resistance - look for a rejection and retest of the 618 of a max of 50 cents. With a tight stop loss - mitigate the loss of the bounce and monitor other indicators closely with a limit entry to maximize profits.
- We punch through the 618 and are pulled back down - utilizing the same strategy as above.
- Good news propels investors through the 618 and to the 768 at 12 dollars - look for a bounce off this zone as well and utilize the same strategy once again.
In case of a false break tied with negative indicators/news - look for the 6.70-6.80 range for a re-entry.
Where do you want to enter? Do your expectations meet possibility? Where do you want to exit? Plan before you panic.
Whether a Swing or hold this stock will make you easy money. Do not get greedy!
Pitchforks can be broken in both directions - it is only a guideline or enlarged operating channel.
The purple trend lines will act as weaker resistances or supports along with the moving averages (9,27,99).
Potential outcomes to plan for:
- The 618 line could give some good resistance - look for a rejection and retest of the 618 of a max of 50 cents. With a tight stop loss - mitigate the loss of the bounce and monitor other indicators closely with a limit entry to maximize profits.
- We punch through the 618 and are pulled back down - utilizing the same strategy as above.
- Good news propels investors through the 618 and to the 768 at 12 dollars - look for a bounce off this zone as well and utilize the same strategy once again.
In case of a false break tied with negative indicators/news - look for the 6.70-6.80 range for a re-entry.
Where do you want to enter? Do your expectations meet possibility? Where do you want to exit? Plan before you panic.
Whether a Swing or hold this stock will make you easy money. Do not get greedy!
Trade active:
-currently bouncing off of the .768 zone with very light support upward on the purple
-still possible to see this come back and punch through to hit 15 this week as well
-legalization is coming very soon and there has been nothing but good news
- this is a strong Hold - Do not have weak hands
- always prepare for the worst - stop loss is set at 9.85
- look for a bounce/ quick profit off of .618 if downward momentum continues
-still possible to see this come back and punch through to hit 15 this week as well
-legalization is coming very soon and there has been nothing but good news
- this is a strong Hold - Do not have weak hands
- always prepare for the worst - stop loss is set at 9.85
- look for a bounce/ quick profit off of .618 if downward momentum continues