Clear lower highs on the daily chart the past 5 days, this must break in order to give us the first sign our daily higher low (above 8.83) has been set. CGC earnings tonight will have an impact on the entire sector
I went and compared the 2000 dotcom bubble burst to the 2018 cannabis bubble burst and i think there is a eye opening similarity.
I see Aurora as a big player in the cannbiz but their delution on the shareholder will hurt the stock price even more. In my analysis there is a decline of another 50% to come and if you look at...
Aurora is now getting close to the oversold territory on a 1day chart , im expecting a pop up to around 10.50 before we do a correction.
I will be shorting this correcton . Targets set on chart . If top target changes i will obv be changing my retracement targets
ACB daily consolidation is very healthy, looking for an hourly higher low. Bulls must hold the low of today first thing tomorrow and then make an attempt to break resistance and change the hourly trend in their favour. We are anticipating a lower open tomorrow after seeing weakness in the after hours trading.
Hi, having trouble with the hotel wifi as I'm on vacation skiing in beautiful Lake Louise AB so I'm not doing videos tonight. Aurora bulls bought the gap down open and had a volatile day with a wide trading range. Despite the huge 12% bounce note that every hourly bounce is just a lower high. To change this hourly trend and give us a new daily support level...
Potentialy we've set our daily lower high with a bearish reversal candle on the daily chart. Watching for Friday's low to hold, if it does bulls have a chance again at the high of Friday, otherwise I'd be looking for a higher low above the recent low 8.17. Potential bottomfish opportunity there if CGC isn't consolidating significantly as we approach support
acb - will add more over 9 or sell calls... then add to leap call options around 5-.50- 6.00 - 7.00 -7.50 levels not to go agressive because this could still do a leg down...structure seems to be a flat 3-3-5