I think Aurora will do a wave 5 up. After the first report Aurora look like to have a strong future. And with pension founds and other institutional investor starting to pick up Aurora shares i think the SP will start to reflect it. I hope it will be a steady climb as it for me represent a shift in sentiment and a new type of buyer have come around. Changed...
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
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...
There is a possible cup and handle showing up in ACB. Watch for a small consolidation period before a larger push to the upside.
Find Winning Trades In Seconds >> efcindicator.com (Special Discount) AURORA CANNABIS INC. (ACB): A Formed Cup & Handle Preceding New Impulses Waves? It seems so.
I went and compared the 2000 dotcom bubble burst to the 2018 cannabis bubble burst and i think there is a eye opening similarity. I see Aurora as a big player in the cannbiz but their delution on the shareholder will hurt the stock price even more. In my analysis there is a decline of another 50% to come and if you look at the numbers they forcast for their...
The cannabis sector is like the dotcom or the tech boom that went from explosion to implosion. Now it starts to get interesting in the new market. The extreme speculative and euphoric time is over and now it begins the value pricing. I guess there will be one more leg down and then the blood is all over and real investing begins. Companies like Aurora, Canopy...
Higher lows - control risk. High reward if trend continues- HIGH RISK TRADE
my idea shows that aurora will star go up again we can see ~12 soon
ACB enjoyed a nice oversold bounce the past two days, now we're watching the high and low of Friday to break to signal consolidation or continuation.
ACB had a clear bear break today, and there is a lot of space before next supports are encountered. Bears are in full control
Dear Traders, This TA is strictly meant for swing traders. Looking at the weekly chart of ACB, we can see that the bears are in control. Price action is very close to a critical point in my opinion. If the bulls fail to support at the 100 moving average located at 5.22$, we could see a drop to the next support located at 4.07$, and if that one doesn't hold,...