Long

Aurora Cannabis April 2017 Bull

Updated
The news is in!!!

Legal Recreational Marijuana Canada by July 1 2018... the price of this stock will now commence in the upward direction. As will many Canadian 'Marihuana' stocks. An official announcement will be made in early April of the official details. Hold on to your hat.

Purely speculative on the visible increased interest in this emerging market.
Note
The breakout came a little later than I was expecting. However i believe we this is still valid. Rising prices have been seen in general across the canadian MJ market this week. Companies like Organigram OGI , Aphiria APH, and Supreme SPRWF are moving up very quickly. The rise should continue tomorrow.
Trade active
Legislation to be passed on Thursday... We are just watching the early beginnings.
ctvnews.ca/politics/pot-legalization-bill-coming-thursday-1.3362453
Trade active
snapshot

You can see in higher detail on the 1h chart that the first move up has made a correction. The price jumped faster and higher then i expected, and the correction was just as violent. We should expect the next big move higher today with the official legalization announcement. Good luck
Trade closed: stop reached
nope! missed the mark. profit takers came in early and scared off most of the early april gains.

Still Bullish, just on a longer time scale.

Disclaimer