Long
Aurora Cannabis ACB
ACB published their results and the next day the stocks lost more than 6% reaching the year low so far. This company is not worst than others companies in the cannabis sector, so I can imagine that if the main stock indexes like SP500 or NASDAQ go back in an uptrend for several days (what seems they're about to do) I can imagine that buyers will come back on this value. My buying price is a little bit above 6.40$ with a target around 9$ in the next 2 weeks. Stop loss below 5.80$
Note
We're in contact with the upper trend line, this is a decision point, price can rebound down and test again the year low or we can expect the price to break the trend and head towards 9$. In the actual context (main stocks indexes trending up), my personal opinion is that we will break the upper line, and my target is still 9$.Trade active
TG reached but no good reason to sell so far, just put a SL at 9$ and let the time work, may be price is willing to go to 11$ or 16$...Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.