Its a crowded and debt heavy space but Aurora Cannabis Inc looks to be on an up swing and according to analysts the company should turn profitable in 2026 ahead of its industry comps. More positive news as well regarding general legalization / political framework in the cannabis industry. Good luck.
NASDAQ:ACB Currently in weekly and monthly time-frame continuity. Over $7.50 triggers a daily time-frame continuation. Today a participant bought a brunch of05/17/2024 $10/$14 call spreads.
There has been relatively strength in this sector all year.
Aurora Cannabis on a 15 minute chart is sitting on the dynamic support of the second lower
VWAP band in deep undervalued territory also below the high volume area of the immediate
volume profile anchored back to April 11th. The Trend indicator shows bearish momentum has
bottomed. The dual time fram RSI indicator shows RS values in the low 40s. ACB did have...
ACB is moving of late due to the legalization of marijuana in Germany as well as the election
referendum in Florida in November. It is the best capitalized of the peer penny stocks in
this sector. Today from the low at the opening bell to the high before the NY lunch hour, ACB
moved about 30%. There was both a long and short trade here. The options moved...
ACB witnessed strong upmove with super volume indicates from almost $3 to $11 and technical suggest true journey if it breaks 16 and 25 levels. Long term investment could ne a choice in portfolio for ACB.
On the 2H chart ACB a penny stock appears to be heading down after an uptrend into
VWAP band resistance. The HMAs have put ina death cross and the lines are downward
and under the histogram. The dual time frame RSI indicator shows the lines falling through
the 50 level. This stock offers shares under $ 1.00 each and also put options. It is likely
not...
Cannabis socks got a boost in the past day as the Biden administration seeks a reclassification
of cannabis with the Drug Enforcement Agency ( DEA) This will likely give the entire sector
some momentum. Here on a 60 minute chart, Aurora ACB is seen in a VWAP band breakout,
crossing over the fair vlaue area of the mean VWAP accompanied on the indicators...
Aurora Cannabis Inc. ( NASDAQ:ACB ) has been soaring to new heights in recent weeks, with its stock surging by a staggering 44% on Wednesday alone. The catalyst? The appointment of industry heavyweight Paul McCarthy as the president of the Cannabis Council of Canada (C3). McCarthy, with his extensive experience at Canopy Growth, brings a wealth of knowledge and...
2024 has been very busy for NASDAQ:ACB
- Aurora Introduces Medical Cannabis Pastilles for Patient Relief in Australia
- Aurora Completes Final Repayment of Convertible Senior Notes Representing ~$465 Million in Total Repayments Since 2021; Cannabis Operations Are Now Debt Free
- Aurora Partners with Script Assist to Provide Better Access to UK Medical...
Based off recent positive sentiment backed up with the Elliott Wave strategy, if it follows 1,2,3,4,5 correctly, we'll see this stock break up to a little past the $5 mark!
I'm not a financial advisor ! I just like charting and playing with math :)
The Aurora share continues to trade at the upper edge of our blue Target Zone between C$3.85 and C$2.58. In line with our primary scenario, the price should dip into this Zone. Within this range, we continue to expect the low of the color-matched wave (v) and thus the large wave (2) correction. Subsequently, we expect a turnaround and strong increases.
ACB earnings are in the morning, and Monday my dowsing really wanted to pay attention to this one based on the list I used.
It also had picked SNAP and said it would hit a new low. It's down 35% last I saw, so I want to post this idea for the journal of a stock my dowsing is choosing, not me.
I get repeatedly it's "safe to buy" and my intuition gave me a heart...
A giant falling wedge has formed on this one, and I've fitted an (ending) diagonal on the chart. I'd say it still has a bit to go on the downside and the best strategy would be to wait til' the wedge is broken to the upside. I circled the overbought RSI peaks (associated with huge volumes) a reminder that we could see those taken out in the future.
Analyzing Aurora Cannabis Stock: Tight Compression Forms Massive Falling Wedge
Aurora Cannabis stock, a prominent player in the cannabis industry, is drawing attention from investors as it undergoes a significant chart pattern characterized by a tight compression formation from a six-year retracement, resulting in a massive falling wedge. Despite recent attempts...
The Aurora share is close to the orange Target Zone (coordinates: C$0.52 - C$0.49) in order to underpin the low of the same-colored wave b. We then expect the orange wave c to complete the blue (iv) much higher in the chart before the blue wave (v) can finally complete the overarching corrective movement of the beige wave II.
I’m bullish on this stock my target price is 1.00 ,I’ve seen proper confirmation over this year and I think now is the time to make a move on this asset
Aurora continues its electrifying trajectory. The price dipped further into its inactive target zone during the last trading week and is now visibly striving to resume the primarily expected uptrend. These efforts should soon yield bullish results. Aurora’s next target, the resistance at C$1.59, lies approximately 60% away. This resistance must be surpassed to...
