TheBossTrader
Long

Breakout Long Idea on $ACBFF - Aurora Cannabis Inc

OTC:ACBFF   AURORA CANNABIS INC.
$ACBFF has a good setup for a long idea on a breakout. The stock is extended but with Marijuana being so hot right now the momentum alone can make this a nice trade.

This stock is actually the U.S. version of Canada's ACB:CN. What I like for the trade's potential is marijuana is legal in Canada which gives people confidence that these Canadian based stocks can really run with limited headwinds. $ACBFF showed up today on my 'Darvas Breakout Scanner' and I currently have an alert, on my thinkorswim, setup at $11.80 which will likely trigger tomorrow.

Entry: Above $11.83
Stop: $10.85
Target 1: $15.79 Risk:Reward 3.99
Target 2: $16.80 Risk:Reward 5.01
Trade active: Bought
Trade closed: stop reached: Stopped out
what happened
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TheBossTrader strongheart2million
@strongheart2million, It broke resistance and immediately sold off. If I remember right the whole marijuana market sold off that day but this stock really hit the dirt.
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