All comments and likes are very appreciated. _________________________________________________________________________________________________________________ Fair Value and Profit Drivers | Our fair value estimate for Aurora is $6 per share, assuming a 1.33 CAD to U.S. dollar exchange rate as of Feb. 13 and based on a DCF with a 10-year explicit forecast. We...
Indicators all showing reversal. 80%+ correction complete. Major support in 1.5 region.
Request. The sell off continues to a reset. No sign of trend reversal yet.
Hello Traders, Today’s chart update will be on ACB – Aurora Cannabis INC, which is in a severe down trend that has been respecting Fibonacci extension levels. Price is currently testing a critical technical level that needs to hold to avoid capitulation… Points to consider, - Strong establish bear trend - Support being tested - Structural resistance retest...
Hello Traders, Today’s chart will be on ACB – AURORA CANNABIS INC, respected trend line perfectly! Points to consider, - Trend overall bullish - Broke resistance, now potential support on re-test - EMA’s turning bullish - Stochastic showing upwards momentum - RSI broke its resistance - Volume starting to increase - Next local resistance areas are the...
Hello Traders, Lets have a look at CGC - Canopy Growth Corporation Points to consider - A clear Triple Top - Overall trend putting in higher highs - Stoch in lower regions - RSI coming into a tighter pattern - Volume declining rapidly - VPVR showing low volume of transactions after this support - EMA's giving price resistance CGC has had a strong bull...
Rookies take: I'll go ahead and presume based on my personal analysis that the momentum was shifting toward upside before being rejected by the bears. Continue to look for movement back toward resistance and watch for "the move".
Canopy Growth Corporation is on strong long term bullish price action both on 1W (RSI = 58.856, MACD = 4.873, Highs/Lows = 2.6189) and 1M (RSI = 66.122, MACD = 12.099, Highs/Lows = 7.3414). Since mid 2017 in particular, it has been trading on Higher Lows reaching +1000% in growth. Using the Pitchfork to identify the pressure zone, we estimate that the asset is...
CGC is looking strong in the longer term, but I'll be watching for a pulback to the trendline resistance hovering just above the 50-day EMA before making a move. We've dipped below both the 12 and 26. Stoch is picking up but RSI is neutral. Any move up would need to come with a significant increase in bullish volume to invalidate this set up. Breaking below...
Good day folks, Aurora Cannabis has been on a wild ride. There is support at $6.00 and it is likely to be tested again. If this support doesn’t hold, it could go back to breakout price or $4.00. I prefer not to mention the large support at $2.00 as it would be a complete catastrophe for the stock imo, however I would load big time at this price. Until the stock...
We got our SHORT order placed for #Tilray | $TLRY!