$ACB Short and then to the moooon!Going lower short term. Grab it at ~$6/7 and watch it fly for months. Longby starman01Updated 2
Short signal at .61 FibA lot of traders right now are locking down their shorts on ACB. There is more money in shorting this stock at the moment this year than going long but, There is huge support at .38 Fib so the shorts wont be here for long. Aurora's Fiscal year coming out on Monday and I am expecting to see some REC sales to the provinces. There REC sales contributed 1.3m just in dried flower sales in the first week. I am guessing the oil sales were probably up there as well. I Have a theory for Day Trading if your long or short never play earnings. weekly RSI is favoring the Bears so I have set a Buy at 7.51 stop loss of 7.00. I am expecting to hold the .38 going into the santa claus rally. There is always the fact that earnings beat expectations and Friday was a complete Bear Trap and that's what I want to see. Ill buy into the short squeeze with the bulls and we could see a big rally. Long story short this is a short term bear rally there aren't getting too far ACB is a world dominating company. YES there is a lot of bears and YES there is a lot of outstanding shares but there is a lot of value there if you do your research and see the companies they own or have partnered with they will be the lowest cost producer and the biggest Cannabis company worldwide by 2020 by market cap and footprint. Longby derekh427
Aurora Cannabis PushACB announce on Monday 10:30 am the report for the latest quarter. Canopy announced the Constellation deal at the same time when the market was open. The hole market will see a Green Day tomorrow Have fun by dermastertim2
ACB surges on Jeff Sessions' ResignationBig move today following a tweet buy President Trump that he has accepted the resignation of Attorney General Jeff Sessions twitter.com This came after a clear hourly bear break across the sector singling some daily consolidation was coming, but this breaking news clearly sidetracked that plan and delayed consolidation for at least a little while. I am closely watching for the hourly trend to change as the daily chart is very over extended right now Key levels for tomorrow: S: 9.59 R: 10.75, 11.2905:38by McGuireTO2221
ACB sticking to my previous calls!Good morning everyone! The stock market has never been so exciting! With the elections going in our favour of legalizing cannabis in the federal level for the US, I speculate that the bullrun for this year is not yet over. On to the technicals, I still stick to my previous chart patterns and previous lay out from my Aug/Sept post. We just bounced off the 70% fib retracement and on our way back up. With the elections acting as our main catalyst(co-incidence? I think not... nothing is a co-incidence in stock markets), Volume has remained strong and support the price movement going up. It has been bullish candles ever since the bounce off. I still truly believe (in my own speculation) that we are not done with our bull run. Based on historical events back in 2014 when we had one of the states in the US legalize MJ, the first bull run was just a way of getting the attention of the public to participate in this market. Now that the institutional investors(and us who knows how the market psychology/technical works) have taken profits, the bounce has been created. I think we will still hit that 17 CAD mark! It needs to beat the previous high (no pun intended) from early 2017. In the technical sense, the Oct 2017 high does not co-relate with the momentum of the market. We need to beat that high. ACB is a strong company. WEED has doubled its Jan 2017 high. ACB is only bound to do so and this would be the price target that I would have if we are to beat the previous highs. If ACB does not the previous high, the chart would form a double top, which indicates a bearish pattern. I am Balanar. I stalk these charts day and night. Happy trading. Longby balanar_NS7
ACB Aurora Cannabis moving up. Very Bullish November a month that markets are bullish are really powering ACB back from the lows of Octobers Market Correction. ACB price movement now showing very strong upward trend. Company earnings report due Wednesday November 07 $11 for tomorrows target. Red Pin on 30 min chart. Bullish Signal Longby trader2day6
ACB finishes strong on weak volumeACB gapped up over the key resistance and saw profit taking, fighting back throughout the day to climb to a new high of day. Levels I'm watching S: 9.07 R: 9.8802:01by McGuireTOUpdated 17
Dragonfly Reversal Doji on ACBEven if I knew jack shit about technical indicators, I'd still be thinking that ACB is about to have a bullish week. One of the biggest hammer/dragonfly dojis I've ever seen in my life on the weekly chart. Hang onto your butts! :DLongby rthu521p987
ACB hourly uptrend on watchWatching the ACB hourly uptrend, the loss of which will signal healthy daily consolidation is coming. A break of Thursday's high of 9.28 will have us looking for bounce continuation. Key levels: S: 8.84 R: 9.2803:26by McGuireTO101028
Self Keeping TrackJust want to keep track of my lines lets see how this goesby barenakedcryptoUpdated 0
ACB hourly equilibrium on watchThe oversold bounce is starting to feel toppy with a bearish reversal candle on the daily and declining volume. The high of the day rejected from the 100MA and we're in an hourly equilibrium now to determine if we're going to see bounce continuation or set a higher low on the daily chart. I would also look towards Canopy for clues on how the sector leader breaks. Key levels for hourly eq: S: 8.63 R: 9.12 _____ For anybody looking at any individual stock it is imperative to keep an eye on the overall market and the analysis I do on SPY. The correlation of every individual name and sector to the market is very real and affects every stock you own.by McGuireTO6