ACB searching for a new base of supportACB had a big gap up on earnings this morning and saw a continued run into their conference call, however when the call failed to deliver a news catalyst investors started to take profit, breaking the low of the day and dropping to test former key resistance $12.56 as support. This bearish candle suggests further downside tomorrow, and I'll be watching two key areas for support. First, the low of today 12.54, and second the gap fill 12.36. We also have hourly support just above 12.00. What would a healthy pullback look like? Holding above $12 psychological would show the bulls maintaining complete control, but really the must hold level is 11.44, the loss of which would indicate we're in for some heavier consolidation rather than an immediate continuation of this bull move. If that were to happen I'd start watching for trend changes on smaller term timeframes as we approached key Fib levels as indicated belowl. The decreasing bear volume on the hourly chart has me expecting we will hold above $12.00 at least on the first attempt; however weakness in the sector and the overall market will be a correlative factor to watch.by McGuireTO131313
ACB idea from weeks ago MET!Hey guys, I am just following up with chart for my ACB analysis. We have been very bullish. With the q4 financial report out, it was mentioned that ACB had a high revenue return. With that said, we look again at the same chart that I posted weeks ago. My analysis remains the same. The last 3 daily candles are confirming candles that is above the 12.25 CAD target(resistance level). This week to the next, we are going to hit 14-15CAD which will act as the new resistance. I suspect a bounce down from that resistance before we pierce through it to a new all-time high level which I am very confident that we will. Longby balanar_NS114
Bullish Momentum Likely to continueIt appears I may have been wrong on a pull back. Momentum appears to suggest continuation of bull run. no price targets as of yet. Longby isnarain13134
ACB bulls draw a line in the sandACB spent the better half of Friday defending $11.75 as a line in the sand, despite the hourly bearish MACD divergence. If that cannot hold I would not expect 11.65 to hold, resulting in an Inside Bar bear break. From there I would zoom out to the 4hr chart and look for a higher low compared to $10.18 and a tightening range from there. Investment rumours from Coca Cola give correlation favour to the bulls, and I would expect ACB to hold up better than other names should we see sector-wide consolidation this coming week.by McGuireTO229
AURORA CANNABIS INC. (ACB) - Daily AnalysisJust starting to take a look at these marijuana stocks a bit more seriously.. my previous analysis on TSX:WEED (see below) seems to be panning out so I'm pursuing this market a bit further.. don't usually trade company stocks so this might be my way into that world.. still seeing the same kinds of natural patterns I'd encounter on Forex or Comex charts, so giving it a try.. for this particular company, I have already bought up a few shares around $12, which might have been premature now that I'm expecting a small correction to around just under $11 (which will be a better time to buy).. but I'll be holding this for a while, especially if it passes my first target around $15 and possibly add more positions then.. will continue to monitor..Longby PHICAPITALINVESTMENTS7
ACB Tightening Ranges. Thank you for your continued interest. The outlook for tomorrow, continues to be bullish. Green = expected sp of 12.56 - 11.82. Could be as high at 13.06 ps in yellow. I do not expect a pull back tomorrow, however if an announcement is made that does not favor the industry the share price will likely retest 10.92 support. In accordance with the bullish recovery from the TSX as well as the favorable bull run for the day we can assume 12.56$ ps close with swings up to 13.46 per share (new short term highs tested). However, there is growing sentiment that consolidation is expected between the 4 hr charts ranges, leading us to believe the likely close will tighten between 12.56 - 11.82 per share. Included with the horizontal range of 10.93 to 12.56; we have our lateral range, where we expect a pull back on Monday (News dependent) If major news (only) is announced a continued bull run will ensue. Longby isnarain262614
Revised Target is now 14.80We had a great rally today, followed by some nice profit taking. But we appear to have more steam in this engine. Target #2 revised to 14.80. Longby 4XRandalllUpdated 335
Revised Target of 12.00With yesterdays strong pullback, It appears we are in a consolidation range, building up for a push to 12.00 zone. Revised Target 12.00 (Oct 17 - Nov 1)Longby 4XRandalllUpdated 15158
ACB - letting the dust settleWatching the ACB.TO range from low of the gap up on Monday morning to high of today. Today saw significant bull breaks of key levels 11.77 and 11.98 leaving very few resistances left until the all time high. However, some healthy consolidation is required. Today's low bounced right off the .5 retracement of the fib pull with swing low as the oversold bounce low, to the high of today. It will be interesting to see if that new support holds. I'll be remaining very patient as the next couple of days set a tightening range with new levels to play off of. The break of that tightening pattern will set momentum for the days to follow. Today's bear volume was very notable. We know there is ETF balancing ongoing this week that must settle up Friday, so I am leaning towards seeing more selling pressure into tomorrow and Friday. I find the most clarity on the daily and 4hr charts. by McGuireTO559
Long term BullEven after Marijuana producer says there was no deal with Coca-Cola, price still remained stable and did a breakout! Next target 15$?Longby stevensbrugnera3
ACB CallGood morning everyone, Looks like ACB is consolidating hard before it goes up for a price jump. All of the top Canadian top pot stocks have risen past their previous high(heheh see what i did there?) with the exception of APH and ACB. With regards to ACB, it has already broken through the first downward resistance line. If we close above 10 CAD this week, we would be reaching our previous high or go even higher than that. A stronger indicator would be closing above 11.5CAD. That would be the most secure time to enter the trade. This would be the most conservative approach of entry. EMAs indicate a bullish momentum. I stalk these charts day and night. I am Balanar, the night stalker!Longby balanar_NSUpdated 5
ACB Power Play Similar play here as with Canopy Growth when Constellation Brands bought in on August 15th. Huge trading volume of 63 million shares yesterday over the news of Coca Cola interest resulted in a trade halt this morning. As like everything in this sector, rumors cause the share price to go haywire. Will be waiting for a firm confirmation that a deal has been struck before enlarging my position. Longby EpicWasteland3
26% upside over the next two daysRanges over the next two days vary, depending on Macroeconomics, however, I have formulated a chart to help guide you to better investing. Too date, I have been 100% on directional patterns, similar to the guide outlined on the chart. For simplistic reasons, I've only outlined the basic patterns for my followers. By 2018-09-19(20), We have a bearish lower end range of 9.89 - 10.72, Expected middle range of 10.72 - 11.97; and higher range of 11.97 to 12.54. We expect a bull break on open (volume, rsi, MACD etc., between 10.23 - 10.40 per share. This will continue with bullish consolidation leading into Wednesday afternoon, where we expect the share price to close relative to 11.97 - 12.54$ per share. We do see substantial price spikes in the near future with up to 26% upside over the next two days. As always, enjoy the profits. Guru.Longby isnarain7712
Could be a good reload traget for aurora FLIPTSX:ACB If we se some consolidation, this reload target could be a good play with stop around 9.50-9.60by prckume2
NEW price Target 18$ Per shareSubstantial short term spike will present it self over the next 2 weeks. Longby isnarain222
Will Coca-Cola be the next big player in the Cannabis Market?Aurora ACB:CN is a Canadian Cannabis stock that is up 15% today on news it’s in talks with Coca-Cola, about starting a partnership in the weed game. Imagine going to the corner store or wherever beer, wine & liquor are sold and seeing Cannabis infused drinks beside your Bud Light or Corona. I’ve been asked by many of my subscribers to publish my picks, in real time. Unlike most pundits, analysts and personalities, I will be doing so in an open and transparent way, so that I show my process, win or lose. One thing for sure is that Coca-cola does it BIG, so any deal for Aurora will be huge and have immediate impact on the companies earnings. MOST CANNABIS STOCKS ARE OVER VALUED AND OVER HYPED. THIS IS A RISKY TRADE. PLEASE CONSIDER RISK OF LOSS BEFORE CONSIDERING TO PURCHASE THIS STOCK WITH ME. PLEASE ALSO RISK ONLY WHAT YOU CAN AFFORD TO LOSE. At the time of this writing, Aurora is trading at $9.86. I have purchasing 2000 shares on the open market. Here are my trade parameters, for your consideration. MY BUY PRICE: $9.73 BUY RANGE: $8.00 - $10.50 1ST TARGET: $24.50 - $15.90 2ND TARGET: $28.00 - $32.75 (if a deal actually gets done) STOP LOSS: $7.20 - $7.60 Notice: Stocks like this can move very quickly, so experienced traders may want to use a mental stop zone, so they are not whip sawed out of a trade. Inexperienced traders may choose to put a simple limit at $7.50 and not re-enter the trade if stopped out. If the rumors fall apart, I will be exiting the trade at those prices. While Aurora has not gone hyperbolic like other stocks in the sector such as Tilray (TLRY:US) and Canopy (WEED:CN, CGC:US), it is important to note it should not be worth more than $3, even with a generous fundamental valuation. This sector is on fire and completely controlled by momentum traders and speculators.Longby LIfestyleConnect2