Waiting on the Bounce

AURORA CANNABIS INCTSX

Description

⋅ Dec 5, 2018 4:27 PM

So I have been watching ACB, and I have been waiting on the bounce with this one. It looks like the bounce could happen around $6.50-$6.40. It might hit this area tomorrow and bounce mid market. I just don't want to catch a falling knife. I will be watching this one for sure. Good luck tomorrow.

Trend Analysis Chart Patterns

Comments

intel2

⋅ Dec 5, 2018 5:55 PM

Not expecting a bounce here, probably a little stopover between 6.10 and 6.30; And then it goes mid 5s.

RogueTrader11

⋅ Dec 5, 2018 6:09 PM

@intel2, Hmmmm....interesting. You could be right.

yuriyandrushko

⋅ Dec 5, 2018 4:42 PM

More likely it'll bounce from 100 EMA at 6.27. Thank you for your post.

RogueTrader11

⋅ Dec 5, 2018 4:55 PM

@yuriyandrushko, $6.27? Hmmmm....I am not so good at catching bottoms, so you could be correct. Thanks for the feedback.