This is a purely technical analysis, as fundamentals seemingly mean nothing nowadays.
We need to wait for this signal to confirm, but $SPY is approaching the bottom of its channel and is primed for a bounce. If it hugs the bottom of the channel this should be considered a red flag that the trend may break. If it sharply rejects this indicates a promising long...
Aurora Canabis ($ACB) is primed for a rebound. With Elon Musk tweeting about legalization and the 2020 election on the horizon, expect legalization talk to see a resurgence and renewed interest in the cannabis market.
It's also technically sound, as several other posters have noted, having broken its medium-term downtrend and formed a classic bull flag pattern....
GS recently popped above its support / resistance at $235, rising to a high of $250 before beginning consolidation back down to $235-$240 forming a flag / pennant pattern. Furthermore, the RSI has been trending nicely and is indicated another bounce should occur shortly. The touch of the 50 day MA is further confirmation, although GS has dipped below it on a few...
