PasstheA1

!BREAKING! BAD NEWS FOR BULLS ON CANADIAN MJ STOCKS !BREAKING!

Short
PasstheA1 Updated   
NYSE:ACB   None
We just got confirmation today that $ACB has broken its support levels and is sitting at a dangerously risky cliff. Anyone who dares make the trade on this stock BEWARE the fibonacci levels are no joke and provide some serious insight by price averaging. Im using an AUTO FIB RETRACEMENT + (my own placed) FIB CHANNEL.

AGAIN WE HAVE BROKEN SUPPORT LEVELS: this is a red alert for any holders on ACB to SELL and wait for a lower buy in point, these Canadian markets aren't ready just yet to make the big move that we all want to see and are going to set up for a bull trap.

SYMPTOMS:
  • Fundamentals- Aurora Cannabis as ive mentioned in previous posts is in the process of constructing its state of the art hybrid indoor greenhouse grow facility. This is going to provide a super highway of high quality product to the customer. The hit in assets are causing major revenue and operating issues which scare retail and institutional investors away.
    Anticipating earnings- As I just mentioned its going to be hard for Aurora to come up with a satisfying earnings report next month that will out perform its competitors. This is a anticipation from investors to steer clear of Aurora for reasons of avoiding the negative over reaction that is inevitable.
    Technical Analysis - Or finally investors could be seeing the same patterns that ive noticed today forming and are making the executive decision to tackle less of an innovative company and go for something more tried and true to provide instant profitability in this time of uncertainty.

    Im posting the Year over year profitability of each top three Canadian MJ stocks as well for you all to take a look at.
    For year 2019
    ACB= (+267%)
    TLRY= (-6.5%)
    CGC= (+19%)

    For year 2020
    ACB= (-120.9%)
    TLRY= (+204%)
    CGC= (-135.6%)
Comment:
MAKE NOTE OF MY PAST IDEA ON MARCH 27th WHERE I CALLED OUT A DROP IN PRICE TO $8

This was supposed to be my bottom out and buy in point, THINGS CHANGE; THE MARKET CHANGES RAPIDLY.

WE HAVE TO BE PREPARED AS INVESTORS FOR ANYTHING

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