ACB Short - Support BreakACB Broke support. This could be a good trade starting next week once earnings pass. Possible 200 share short position Journal entry.by Synaptic724Updated 6
ACB searching for healthy daily higher lowBig move as the bulls bought the gap down on the back of earnings reaction. Looking for a higher low on the daily now that we've lost the hourly uptrend08:12by McGuireTO9
Its all chop till its notJust looking at different counts. Feeling this one. Not scaled to time.by ss44Updated 1
ACB - Cup and Handle.ACB - Interesting set up here. A while back I had charted ACB as bearish with a gap below a triangle pattern quite some time ago. I usually dont allow wicks to hold a lot of weight when looking at charts but one user did reply that the chart had filled that gap with wicks which it indeed did. After a re evaluation look here some time later i feel that this cup and handle pattern that has formed is much more a telling story than the last observation and those "wicks" should act as the gap filler as I am quite bullish on this in particular set up with the sector being the way it is. As always, it can go either way but I am bullish here but sure would like the MACD to cross up!!! Will be watching closely! Longby dafster17Updated 113
$ACB Aurora Cannabis Failed the bullish ascending triangle, now looking to catch support at $12.04 and hopefully bounce to break through resistance at $12.35 and head on its way to new highs, once again. If the support fails, look to fall to $11.26 and if that fails, it’s a free fall to under $10. RSI neutralby Studmracaputsl3
ACB's bands are very tight.I don't trade ACB but ACB look to want to break up or down. I am bearish on ACB but the market isn't. Watch for a break above 12.60 with bull volume you should see new highs as the bears covers. but most likely case bears push this stock back to the $8.00 range. by derekh423
ACB Short Opportunity ACB is starting to waiver as it approaches support and it's next test will be the final one for the trend. If it breaks here we're moving into a bearish move. However it could also hold and move higher the market does seem to be fading. The odds of a bearish move are picking up. I'm going to engage in a PUT position against ACB. Buying 4x PUT EXP May 17 Strike 11 Cost is 0.85 per contract. Target is going to be at $9.5 - $9Shortby Synaptic724Updated 2
seems..Bull trendif you look at the MACD down in sales volume that seems to indicate a reversal to purchase volume and the MA growth up cross line ... everything seems to indicate a bull trend.Shortby hangoverme5
ACB , Explosion à venir de la bolliger bands !!! Le titre est sur un support important et la bollinger fait un squizz important en Daily, ce titre vas exploser d`un moment à l`autre . Si il monte, il il pourrais aller toucher le dernier HH ou si il casse a la baisse, ont pourrait aller beaucoup plus bas ( dans les 9$ à 10$ ).by Dannycote6
Long term head and shoulders pattern forming here.I actually stopped being long on ACB awhile ago. Ill trade it for fun when a see a set up but other than that still stock isn't great. I would fair value ACB currently at 8 Billion CAD. but within the next 365 days they will be running on all 8 cylinders. doubling their value 16-18 billion. ACB has debt and debt going into a recession is bearish. mid term I am very bearish. I have a target price of $6.88-$7.21. if we hit any bad financial bank news in Canada ACB might be testing 52 week lows. As you can see on my chart ACB will recover and ACB should dominate the cannabis industry. long 2020 on. by derekh42115
Long Aurora Cannabis (ACB) - Intraday- TSX:ACB broke above a declining trend line (1hr chart) - Prices are trading above their 20-day and 50-day MA (1hr chart) - Prices rebounded off their 50-day MA (daily chart) - Bullish divergence with lower lows on prices but same lows on MACD and Money Flow - MACD is about to turn positive. Longby yacine.ouldchikh334
Short Aurora Cannabis (ACB) for short-term gain- Prices are trading near top end of a rising channel - A 12% move for a new board member is an exaggeration. - Bearish divergence with money flow reporting a lower high while prices are posting a higher high (bearish reversal) - $HMMJ (weed etf) is signalling bearish divergence with MACD posting a lower high while prices post higher highs. TSX:ACBShortby yacine.ouldchikhUpdated 4
Is it really this easy?Default strategy script from TradingView trading on MAs. 0.2% commision. 1164% profit trading this from 01/01/2018. What's the catch?by dbanf2
AURORA CANNABIS Buy Signal/ +700%/ $50 TargetPattern: Ascending Triangle on 1W. Signal: Bullish as historically the break-out of the pattern results into a big rally. Target: 50.00 (+700% rise).Longby TradingShot2225
ACB Short setupACB had a huge day pushing it up 10% on news of billionaire activist investor Nelson Peltz hired as an advisor. I don't think this news is enough to push it back to ATH like a major brand partnership would do. We are pushing into some major resistance on the weekly. Currently there is not enough hype in the mmj sector to push us back up to the ATH. The TD Indicator is currently on a 10 count. Look at the TD indicator previously on the weekly and see how perfectly it topped on a 9 and bottomed on a 9. Volume has also been steadily declining. The trade can be closed at the 100 week MA as it's been really strong support. Look at this area for longs as it's a very strong buying zone and ACB is still in an uptrend on higher time frames. On the flip side if ACB can get above $12 and stay there with a clean s/r flip this trade will be invalidated and closed at a small loss. If this is the case we can open a new trade and go long to the $14 level.Shortby bobbybudds5
ACB: More opportunity to add - Swing TradeLast week I mentioned the valid upwards channel in ACB. We saw that ACB bounced off the channel as expected but unfortunately could not break the top of the channel. This week we may see another buy opportunity similar to the last. What to watch: - Only enter if candle does not break the 4 hr upwards channel. - Watch in the lower time frame, 30 mins - 1 hour for confirmation (at least 2 few candles) before entry. - Be patient for all time high take profit! we will get there soon. Trade at your own risk.Longby Litwolf6
ACB Breakout forming Ascending triangle patternACB breakout is forming, Ascending triangle pattern So far the marijuana market has been dragged down by the SPY with analyst upgrades on ACB it's pulling in a lot of investors. If the SPY recovers from this point even for a brief period of time we may be heading back up to $13-14 levels. Longby Synaptic72410
ACB Hopefully looking for a lower high todayI really don't like that nasty candle that was set two days ago. Ended the day with an hourly bear flag. Followed up yesterday with a healthy pull back. Yesterday it bounced off of supports, and when volume decreased, otherwise down with the market. The close saw yet another bear flag on the hourly. What will be today. Markets don't look promising. So far, no news on either ACB or cannabis industry in general. I'm preparing for more consolidation. Will we see ACB try for a lower high, before continuing its way down? What are the levels to watch? What are your thoughts? by Barkworth3
ACB decreasing bear volume on this pullbackWatching ACB hourly chart for a trend change to tell us the daily higher low is in, and given the % pullback we are likely looking for a lower high below our recent high of 11.26 on any bounce attempt.04:25by McGuireTO12
ACB played out as anticipated todayToday played out as anticipated today with a quick push up and profit taking. The rest of the day saw sideways trading and an attempt of basing in search of a new support. Key hourly levels on watch are highlighted within. Keep in mind the past 10 weeks have been an incredibly bullish market environment, which is perfect for MJ bull runs to thrive in. We've been seeing weakness for the past few days and if this weakness in the S&P500 continues, that will have downward pressure on the MJ sector as a whole. Never lose sight of what the overall market is doing!05:34by McGuireTO2213