The price bounced from 10.00 level and moved lower. RSI confirmed the price reversal. MACD histogram supports a downward movement and MACD lines are going to do the same. DMI is bullish, but ADX line falls. It tells us that buyers are not so strong now and a correction of the uptrend can be continued.
There are two possible entry levels for buying. The 1st level...
...but we're not likely to see a bounce until CGC and the S&P500 find their bottom and bounce. I'm looking at the potential we've set a major top on the ACB chart that will be revisited later down the road, but without getting ahead of ourselves - first we have to find that support to bounce from, and see the strength of that bounce in order to best anticipate...
ACB daily chart looking toppy, anticipating a potential hourly eq and watching for a possible bear break to indicate healthy daily consolidation is under way. Several indicators are giving me reversal signals here
The pot bubble is going to burst. From the technical perspective we are pulling the trigger here after retracing 61.8% of the initial leg to the downside from the highs. For those who believe in the bearish story for the industry, now is the time to get back to work on the sell-side. More and more funds with large central books are starting to open up positions...
ACB is a great stock. Super cheap for amount they produce. I'm long in the long run
But I think there's substantial opportunity to make profit by shorting the stock as it experiences corrections in it's uptrend
Normally I wouldn't recommend timing a stock like this or trading against the trend, but it's not seeing 10% pullbacks on upward moves, it's seeing 50+ %...
Aurora ACB is continuing within a 5 wave Elliot structure, repeating its performance from August to October 18 highs. We are currently in Wave 2 down to the .618 Fib level, before continuing the rally in wave 3. Indicators are as well showing the same signals as in the previous rally (pink circles).
Buy levels around 5.60-5.80 USD
Possible bull flag on the daily so long as 9.50 holds as support, otherwise we're looking for a slightly deeper pullback and potentially hourly oversold levels
ACB will definitely be a great stock for a long term hold.
Updates:
- I corrected my earlier mistake of charting on too short of a time frame.
- This chart is for short-term options trading, I am making money on small time intervals, and this is not for those who are swing-trading or long holds.
ANALYSIS:
- For this week, I see a potential dip in the price of...
After a very strong move upward, we sort of found ourselves in limbo, wondering what to hold on to and what levels to look for. After some explosive moves yesterday, we can now see a tightening range emerging on the hourly chart. New supports and resistance are becoming clearer, while the RSI is slowly cooling.
Investors are waiting on news about Nelson Peltz'...
i saw the green arrows as points of resistance, and its been rallying recently in general, but at those points the price dropped pretty significantly after each test. on the MACD chart u can see the MA flattening out which probably indicates that the bears r going to probably take control. the blue lines show the lines that its been tested at and the first major...
The volume was quite impressive last week, smashing through the 8$ resistance and closing very strong above the pink trend line. What's interesting about this trend line is that you can extend it back 2 years when the price was under 1$ and it's been tested again and again, acting both as support and resistance. Next weeks we might see some follow through with...
Good night everyone,
Quick look at ACB stock
As we can see on daily chart, bullish outlook, but we are reaching a resistance level and that huge volume bars concerns me.
I expect some drop on the next days and a good place to buy is at 7~7.50 zone (demand zone) IF price action shows rejection on it like a low test candle.
The suplly waves are weak so far...
acb i see it as a non-correlated asset play. great growth business. hands off fed is exactly the kind of environment these kind of assets out perform in. im bullish
I have been throwing cutlery at you guys for about a month. Series of cup and handle patterns, all of them that were followed through. ACB is a giant cup and handle between October last year and today. Recently, the 100 and 200 EMA crossed over. The last time this happened was at the foot of the uptrend that lead to the all time high of $12.53. I pointed it out,...
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NYSE:ACB
