Dear Traders, The Cannabis industry has been exploding prior to the 17th of October, ACB is one of the stocks that is going up fast! But how long can this go on ? RSI is overbought on each frame, and macd is going to cross downwards also. PLEASE BE CAREFUL FOR A MASSIVE BEARISH SELL-OFF ! I'm not saying this will happen, but the reason why I say this is because...
Our upward pressure is promising. I think we'll need to come down a little to account for the RSI divergence. I'm not buying in until it drops a bit personally.
Dear Traders, Yesterday was a pretty weird day for ACB, we expected a run, we got one, but it wasn't as powerful as we hopped. I new All Time High (ATH) got created tho, but the question is, is there more to come Reviewing the Chart I decided to trace some lines to see where wee are at. As we all can see Our RSI is still above 50 but for how long ? Our MACD...
ACB looked to be trying to print a daily bull flag but the pullback today and close near the low is more than enough to negate that in my mind. I find the clearest picture on the 1h4 chart where we have a clear downtrend of lower highs and lower lows. Our lower high of resistance is the high of the afternoon bounce 12.90 and high of the day 12.94 but really...
ACB may have found it's new base of support at 12.75 when it broke the lower high pattern on a move that topped out at 13.45. We're looking at the hourly chart here as it offers the most clarity for me. I'm anticipating the bulls to form a higher low above 12.75 and will be watching the pullback for size and volume to consider the liklihood of forming an hourly...
Dear Traders, Aurora Cannabis Appears Headed to the New York Stock Exchange! This news came out yesterday just before the closing of the market. And as we can see ACB's price broke out like we hoped it would, this is the kind of news we needed to get to a new ATH. Read more about the news here: www.newcannabisventures.com Another thing to keep in mind is that...
ACB saw a gap up and profit taking, forming a daily lower high right within the range I was anticipating. The daily chart is going to break Friday, and if not Friday, then Monday by way of the American ticker ACBFF, making the break Tuesday when the Canadian market reopens after Thanksgiving. The daily printed a bearish dark cloud cover candle. The key daily...
Hello traders, There goes another mundane day in crypto, so I decided to look into more weed stocks and Aurora looks pretty juicy. Looking at 4 hour chart, Aurora just touched the descending blue trendline. In case of breakout, I will place buying order around $13 and get out around $15 which gives me decent 15% profit :) I would give 75% chance of bull...
Dear Traders, Looks like we enterred a second ''bearish'' tunnel, but if we succeed in breaking out of it like we did the first time we might see another run soon. But if we break downwards we will officially retracing towards the 0.5 fib level again, which held twice already so that looks like a good entry point for those who want to re-enter this trade, but...
ACB opened right at $12.00 price support from yesterday and broke it on open, and wasn't able to recover it later in the day. This is not game over for the bulls, as chart support remains at $11.44 but it's certainly a stronger pullback than the bulls had hoped for just 3 days after reaching new highs in reaction to earnings. IF there's any consolation for the...
Our stock pick for today will be Cronos. Looks like a decent buy considering the hype around pot stocks. As the dates gets closer to the Canadian Marijuana legalization(expected Oct 17), positive sentiments may drive this stock up. With alot potential growth and a rumours on Coke + Marijuana(Wild Dreams) this stock is one to watch. Another counter from the same...
" ACB announces it has received shareholder approval at a special meeting, held today, for the issuance of shares in consideration for the planned acquisition of MedReleaf Corp. ("MedReleaf"), a well-known Canadian Licensed Producer based in Markham, Ontario that delivers premium medical cannabis products to domestic and global markets, and compelling brands to...
Lets keep it simple?! I have charted ACBFF already with great results with a more positive outlook. I've came across another possibility that is short term bearish, but still long term bullish. I've explained most of the indicators in my previous chart, but here I just want to show levels, potential break outs and pull backs. I have labeled a small bounce area...
Lets keep it super simple! I've been watching Aurora for some time now, and let me start off by saying this chart im posting is NOT in my favor with current position, but I cant just say its going up because I want it to, so lets look at what the chart has to say! Ill add more of course. Im in at @ 5.81 - 6.41, but sold on close today on the descending wedge...