Aurora Cannabis has been on a downward spiral driven by a combination of multiple factors including Cannabis 2.0 slow roll out in Canadian provinces, amounting debt, recent Bond conversion and further dilution of existing shareholders, departing executives and a market glut of oversupply. Well, basically all things that could go wrong have gone wrong for Aurora,...
I have recently shared my views on NYSE: ACB Aurora Cannabis, now I wanted to comment on the latest price target of $0 and "Sell" rating from analyst Gordon Johnson from GLJ Research ... I let you make your own judgement, but this is the guy that called for a price target of $109 on Tesla when it was trading at $244.10 back in May 2,2018 .. that was a 64% downfall...
Clear inverted descending scallop (inverted letter J). Low success rate in bull markets (11/52)
Giving $ACB another chance. Bullish div + buying zone reached. Boxing day sale, Price to book at a discount.
Title says it all. Bullish bat. Max financial opportunity with this bottom. Enjoy
Dopo un 2019 disastroso per il settore della cannabis, il 2020 potrebbe rivedere la luce dopo i recenti avvenimenti ma procediamo per gradi. Sul finire di quest'anno abbiamo acquistato due azioni come NYSE:ACB e NYSE:CGC , possibile monitorare il nostro portfolio su nostro porfilo e.toro cercadno AC_Capital. Scorsa settimana è cambiato il CEO della società ...
Bubble's popped, reversal in motion. Lets ride this pot $ACB wave !
AURORA CANNABIS All Time High : $12.51 Waiting for $1 to buy. Disclaimer: We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment...
Aurora Cannabis is returning to home base. Volume picking up, divergency between volume and RSI, capitulation wicks, deviation etc. Once liquidity taken and retest made, we may see either prolonged accumulation or possibly V-type return on major news event or equal.
From a technical standpoint, this seems like the most probable outcome.
Looks like Aurora Cannabis has formed a 5,3,5 ABC zig zag correction. The C-wave should bottom out around $3.60 area. From there, we should see a motive phase to $24 if the 161.8% fib plays out late 2020.
After the pot stuck bubble popped we've been stuck in some long complex correction most likely a WXY. If this counts correct we're nearing the end of this correction. It seems everytime ACB makes a major move it first forms bullish divergence on the 6 hour (2 or 3 touches ) I will be waiting for this divergence to form or if we break outta the downward trend line...
Weed stocks start to bounce, price in lower buy zone and still above longterm lower support trendline. Could have been a minor fake-out of the triangle and once inside can test 8.13 USD
Diagonal Resistance vs. Horizontal support that's been tested twice with bounces getting weaker. Who wins? I think Diagonal Resistance (lower highs)
At first look ACB appears to be putting in a Giant Topping formation however with closer look I have been able to see its true intentions. First we have class A bullish divergence on MACD histogram and hidden class B bullish divergence on RSI. e Also we have a possible strong reversal setting up, due to the very similar nature between ACB Weekly chart & and Adam...