If it cannot break out of the descending channel we will retest lows in the next 24-48 hours. Short play with $6.22-$6.12 target price
Big move to either or the circled areas expected after hours let us see
Positive and neutral earning reports don’t really show much of a movement with ACB. Why is that? Is it time for a climb as it’s expected for positive earning this next time round
NYSE: $ACB | #AuroraCannabis appears to still have SOME upside. The KEYWORD is some. I'd avoid the buy here & wait for the short opportunity. Toodles!
Quite the fight going on today in the MJ sector. As expected we started the day bearish which was hinted premarket and injected with bearish news on the European growth outlook. Bulls however vigourously defended the low of the pullback and bought the gap down on serious volume. Bears did nog get much follow through on the pushback. Most likely scenario is to...
As I trade (with the trend) on the lower timeframes, here's a chart to back up my analysis on the weekly chart.
My sentiment on ACB is currently bullish, based on the following: - EMA 50/200 cross down on the daily december 20th 2018 marked loss of the daily uptrend and start of weekly consolidation - EMA 5/20 cross up on the weekly formed yesterday with strong close and after hours action - EMA 50/200 cross up for ACB is very close on the daily, signalling end of...
Market Cap 2.86B Enterprise Value 1.94B Price/Sales 484.27 I think it is getting a little too far ahead of itself at this point. The Cramer pump is suspicious, especially considering the timing. The reason I'm only adding 1/4th is because the momentum is still strong, and it could rally up to $20.00.
Aurora ACB is continuing within a 5 wave Elliot structure, repeating its performance from August to October 18 highs. We are currently in Wave 2 down to the .618 Fib level, before continuing the rally in wave 3. Indicators are as well showing the same signals as in the previous rally (pink circles). Buy levels around 5.60-5.80 USD
There is a possible cup and handle showing up in ACB. Watch for a small consolidation period before a larger push to the upside.
Weed - Hit .618 Fib level, pull back for higher low. Look for back test $54.62 on 4 hour chart as support. RSI overbought, good news about hemp facility in NY. I will wait for support level to buy more shares. Picked up some TGOD for long hold last week at $2.99. Good luck!
Find Winning Trades In Seconds >> efcindicator.com (Special Discount) AURORA CANNABIS INC. (ACB): A Formed Cup & Handle Preceding New Impulses Waves? It seems so.
$weed looking for pull back on daily chart , RSI OB, Fib level closed right around .382 level or $50.80. Looking for consolidation and higher low, volume is not bullish and $spy is hitting resistance at $259. Tech Earnings next will set market direction. *own canopy shares, $nbev calls and bought $pyx feb calls friday. Shortdata.ca for short interest information....