Aurora has been on a drop lately and has been falling consistently to then stabilize. The technicals of this and the fact that coronavirus cases are rising exponentially causes a lot of reason for it to drop.
If you find my ideas helpful, please give me a like and a follow. Thanks!
@JGM0706, I'm not sure with the irrationality of the markets now, but an extreme scenario is that it fills the small gap at $6.80 before moving up again.
JGM0706
⋅
@anand_swamy, I think TLRY bad earning results from a couple days ago is pulling the industry down. It feels like a gamble to trade now before Aurora earnings in early September, its results could be equally disappointing and we could go even lower than $6.8
JGM0706
⋅
@JGM0706, or could be that disappointing results are starting to get priced-in and this $9 - $10 range is bottom before earnings
anand_swamy
⋅
@JGM0706, You are correct that TLRY did have bad earnings causing it to fall and slightly pull the industry down. However, I think this is Auroras way of resetting from a rise that was way too fast. It could also be trying to fill gaps before another takeoff.
JGM0706
⋅
@anand_swamy, and today Green Thumb beat earnings, moving everything up lol what a gamble this is