Long Aurora Cannabis (ACB) - Intraday

- TSX:ACB broke above a declining trend line (1hr chart)
- Prices are trading above their 20-day and 50-day MA (1hr chart)
- Prices rebounded off their 50-day MA ( daily chart )
- Bullish divergence with lower lows on prices but same lows on MACD and Money Flow
- MACD is about to turn positive.
I was in agreement at first, but that runaway gap at the top lead to a lot of choppy charting. I think yesterday made things clear, for the first time in about a week. Still in a downtrend channel, within the uptrend. Yesterday set a welcome lower high on the weekly, first thing Monday we need to see bulls break this, or alternatively, look for a weekly lower low.

I strongly believe that the gap down will get filled, and we'll be able to buy some at $8.25 or better.

Barkworth Barkworth
That is $CAD 11-ish
Indeed. Uptrend still in tact.
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