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BTCanadian
Mar 23, 2018 10:40 PM

Aurora bounced off resistance, but faces heavy resistance. 

AURORA CANNABIS INCTSX

Description

We can see that TSX:ACB just can't seem to keep volume or momentum. Although it had traced all the way back down to the .618 Fibonacci retrace, where it finally found some support and did a little bounce, but there is now heavy resistance it will have to face at 10.60. It is following the temporary downward trend line, indicated by the dotted green line, coming to a triangle where the upward trend line meets current support at ~9.57. We can confirm some new light support if the next couple candles close at somewhere around, or above 10.00.
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