We can see that TSX:ACB just can't seem to keep volume or momentum. Although it had traced all the way back down to the .618 Fibonacci retrace, where it finally found some support and did a little bounce, but there is now heavy resistance it will have to face at 10.60. It is following the temporary downward trend line, indicated by the dotted green line, coming...
Aurora didn't get as high as the other stocks, rather ending the last few days in the red. Forcing me to remove the previous support I was worried about, as well as the possible new upward trend line, replacing it with a dotted green temp downtrend line. It didn't recover well from that broken neck. There wasn't much of a shadow and the candle closed almost full...
Inverse head and shoulders pattern has formed on the daily chart for ACB. It has tested a bottom three times and has been in tight consolidating patterns for the last 21 days -- the longest period of consolidation yet in the stock's history. Bollinger bands have tightened signaling a nearing breakout, with bear volume reducing and bull volume increasing,...
Sometimes breaking your neck isn't always a bad thing. After a fairly large consolidation after that inverse head and shoulders pattern, we can see from the 4h chart today, ACB is logically following suit with WEED , just cracking the neckline (indicated by the purple line) and waiting for that second confirmation above. The shadows of both candles just...
As we can see it has broken below the previous support line and tested twice, confirming the new positioning of the line of resistance. I have also redrawn a slightly longer chart, with a bigger Fibonacci snapshot and new downward trend line that was squeezed down to meet the upward trend that we were previously starting to form. That line has also been taken back...
My candles hurt from smashing the top of their head on this resistance line, hopefully they didn't get knocked out. As of now, it just lays down at the 0.382 retrace. If it doesn't get back up and stumbles around, it may very well re-test 9.00. All we do know, is that it has been consolidating and running a borderline doji indecision for to long, and it's not...
Will it break the green retrace line at .382? Volume will tell how far, considering it broke the triangle in the negative. Judging by the momentum and 3 line EMA I don't believe it will correct past 10.15 due to the two previous test points indicated by the blue dotted line, but if it does, it will most likely just bounce off. We just came out of a huge head and...
The overall markets are quite murky these days. With the VIX are very high levels, both bulls and bears need to watch the larger market indicators such as $SPX, $INDU and $TSX before considering risking capital in the markets. Whether long or short. Assuming the downtrend continuing this week, here are some of the resistance levels based on previous highs and lows.
This coin is showing all the signs to head up. At short-term and long-term charts we have positive indicators such as MACD, RSI, DMI, and Stoch just shot up which moves a little faster than the others. All of these things are perfect signs of a strong uptrend, especially since 1 week, 3 day, and 1 day are all showing uptrends. Now that BTC has become more stable I...
$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...
This is a GO BIG AND HOLD stock. I don't see perfect stocks on the OTC markets very often. In fact, I suspect the only reason this stock isn't on the Nasdaq is because it is a weed stock. They don't sell marijuana though, but they probably have plans of entering this sector eventually. They just sell pipes and marijuana paraphernalia, located in California,...
Hey, Novice trader here learning Elliot Wave with Fib. Just seeing if anyone else can see similar count or if I'm way off. This could be the start of a 3 major wave with this being the first sub wave or I could be wrong. Let me know what you think. Thanks!
Using a 4hr chart, macd and ichimoku lines show coin is bearish breaking multiple support lines. rsi shows coin is not over sold, coin may go sideways for a bit or break final support and spiral downwards.
Ascending Triangle. T/K CROSS. KUMO CLOUD TWIST. BULLISH RSI. RECOVERING FROM BULLSHIT AMERICAN SESSIONS SENTIMENT. GO FOR IT.
Aurora Cannabis is breaking out on the weekly chart. Golden cross on the daily chart. What's not to like about it? Anyone...? 6 month target $4.60
Williams %R still not oversold. Bids set in yellow box. Also have a series of three higher highs indicating possible trend up (although we have been trading in a range since November). Aurora may be more efficient than other Cannabis companies once their new facilities are constructed.
Same reason as Canopy Growth. I like the chart as week : possible ascending triangle