My first buy was at $4.07, just a hunch we can see a reversal at this levels... I see a RSI bullish divergence at this level, but sincerely this is not about technical analysis... the price can go to $2.00 in the next weeks I will be buying what I consider next 3 support levels (DCA)* HIGH risk investment for the long term...(at least 1 year) but also HIGH...
ACB recent move up has some structure that looks decent enough to have an update on. Right now micro doesn't look great. Expecting further correction ~4.9 to 4.65. Bearish under 4.5
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Closed the gap, but support didn't hold. ACB created fear among retail investors, and this deeper retrace could be a buying opportunity. APHA has consistently shown us strong performance. Confluence in the lower yellow zone. Trading plan: start accumulating at $4.22 and add if she reaches downside targets $4, $3.80 and $3.50 into earnings. Anticipating bear...
Buying on weakness. Short float 18%
Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current levels for buy.
The EMA 377 says it all. That's what heavy gravity looks like. Pretty terrifying huh? B)
Waiting for a some sings of life to turn bullish. Has a lot of potential and a good one to watch
Aurora Cannabis (ACB) closed at $6.98 on Sept 11, meeting 2 previous support Lows. Fibonacci ratios and Elliot Waves on this chart fit quite nicely. Key points for a BULLish trend over the next 6 months: Key Support met again. History tells us a breakout may be on the horizon. Declining volume on the downward trade indicates a possibility for a breakout...
EARNINGS: Some decent earnings on tap in terms of options liquidity and implied volatility metrics this coming week. Here they are, ranked by how much the at-the-money short straddle is paying as a function of stock price: PLAY (33/136/35.5%):* Thursday after market close. ACB (30/205/32.5%): Wednesday (time not specified). PTON (66/125/32.4%): Thursday after...
ACB, APHA, CGC, CRON, GTBIF, TLRY are in my Cannabis watchlist. I am bullish on APHA and GTBIF. MJ is a more conservative approach to capture the gain with limited downside risk. Ladder buy within the demand zone. Set the stop loss 10% to 15% below the demand zone for the swing to intermediate setup.
Still bearish and looking for some kind of bottom around ~8.75. Show a potential alternate bearish count for a lower wave C
Expecting another low still. Show target I'm looking for to turn more bullish
If you want to play for a bounce, levels of confluence are where you scale in. The next level of confluence appears to be $8.75 (thank you, Cryptowaveman). The extremes of the falling wedge cross each other at around $8.50. The FIB 0.786 from the initial spike resides around $8.40, the 1.618 extension of waves 1-2 of the final C wave resides at $8.77. So the...
Don't like the look of the impulse/correction and still think ~ 8.76 is looking like a good potential entry if I see 5 waves down
Could go either way, but the current setup strikes me as corrective in a downtrend. Since the trend seems to be down still, lets expect a flat correction here, with $9.80 as resistance and the previous low as the wave B target. Double top for a wave C to complete wave 2, before continuing down for wave 3. So in summary, I'm still looking for a gap close at the...
Potential bottom but need 5 waves and nice correction before before turning more bullish
Cannabis industry, after a wild run-up and capitulation in 2018, has been trading under its intrinsic value for a while. For investors who want the exposure to the industry without taking on the excessive amount of risk associated with individual cannabis stocks, ETFMG Alternative Harvest ETF is the way to go. Go long now in the trading range or go long in the...