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ACB

Canopy Growth Price Action - Is the Bottom in for Potstocks?We are now near the bottom of the previous wave 4 of one lesser degree, and IMO it's about time for shorts that have rode this down to take their profits and flip long. I've updated my count and I now have A as a leading diagonal, and I have this whole correction as a standard ZigZag. Whatever we have here is in 3 waves, and this count seems to work, especially the fib relationships when I did a deep dive. Wave C looks pretty straight forward with 5 waves in a channel. The extended wave 3 hit the 1.618 x A target right on the nose; It'd be hard to argue that that 5 wave move is not an impulse. Question is, where are we in the final 5th wave? I can't get a great count on this one, and see two possibilities: 1. Wave 5 is some sort of diagonal, and has completed. What I like about this is the wave A and C equality of the the large red ZigZag. What I don't like is the ending diagonal is messy. 2. We are still in wave 3 of 5. My target for this case is $14.5. Here's why: a. It's the target for wave 1 and 5 equality. (Last blue wave 5 would be equalt to wave 1) b. $14.5 is a level of interest as it was the top in November 2016. c. It could satisfy the wave C target using the channeling guidelines (pink channel) d. I also noticed that price is reacting to the slope of a channel using the top of blue (A) of the larger red B wave. Check out the fib channel and how price has reacted to it. Even the overshoot hit the .236. Not sure why, but seems as though algos are reacting to something here. Take a look at where this channel intersects with the pink channel. You guessed it, the golden ratio .618. My plan is to wait for it to play out, and will be watching my indicators closely at the $14.5 area. If instead we break out of the C wave channel (specifically the TL joining the top of waves 2 and 4), I will also go long. This change in price behavior would let me know that wave C has completed. GL All! -ill
CLong
by Illm4tic
ACB Critical Areas To Watch! Hello Traders! Welcome to today’s chart update which will be from the Canadian MJ sector – ACB – Aurora Cannabis Inc. This pot stock is testing a critical area; price may put in a new local higher low and or break the trend and negate the whole market structure… Points to consider - Potential Triple Top - Price testing critical support zone - Local support at $2.60 region - Stochastics projected upwards - RSI testing support - EMA’s giving price resistance - Volume increasing - VPVR showing low volume of transactions ACB is testing a very critical support zone at current given time which must hold to maintain the overall market structure. This zone has in confluence the .618 Fibonacci level, a bounce is probable however we need noticeable strong bull volume to push price back up. The stochastics is projected upwards from very low regions which signify that the bulls have a lot of stored momentum if a bounce was to come to fruition. The RSI is testing support, historically, a test of support leads to a bounce back to neutral area from oversold territories. The EMA’s are giving price resistance, we need to see it cross bullish otherwise a break of the critical zone will be more probable. The volume is picking up, as mentioned before, we need to see it sustain bull volume if a bounce was to come to fruition from current level. VPVR is quite interesting and favours the bears as there is very low volume of transactions between the two segments of the critical support zone and the local support zone. This tells us that the bears will be more probable to reach its technical targets due to the low level of resistance from the VPVR. Overall, IMO a break from this trend line will further confirm the triple top analysis as the market structure will be negated, failure of putting in a new higher low. This is quite bearish; ACB will be more probable of testing lower levels… What are your thoughts? Please leave a like and comment And remember, “Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
A
by AzizKhanZamani
10
Going long on Aurora Cannabis (ACB) (long term trade)2 bounces from the golden pocket zone for 100+% gains.... Will it bounce again? I'd like to see it retake the golden pocket (those two gold lines), and ideally backtest off the .618 Targeting the .382 for TP1 at $6.30 (70% sell) Targeting the .618 for TP2 at $7.84 (20% sell) and look to retake the high at $10.32 (10% sell and close position) Option for stop loss at below the last low wick at $3.69 or a much wider Stop below the .786 at ~ $2.84
ALong
by Kugel100xV2
acb drop is over?spy been dripping the marked and dropping all the stocks with him now spy is at 293 in a ossible bull flag a major move from here will make all the market fly the mj cannabis etf is also at atl again about to bounce agressive in any time most indicator show exhasted drop may be it the big pump lets seee was expecting bounce at 5 or 4,80 but looks like 4,60 4 coe to play in the table the level where bounces of 100% 120 % been hapening few times lets see
ALong
by Leocryptowizard
2
Auroa ACB has $20 target within next few months. Sneaky BullsAt first look ACB appears to be putting in a Giant Topping formation however with closer look I have been able to see its true intentions. First we have class A bullish divergence on MACD histogram and hidden class B bullish divergence on RSI. e Also we have a possible strong reversal setting up, due to the very similar nature between ACB Weekly chart & and Adam and Eve chart pattern we can use this information and classical technical analysis theory to extrapolate a mid to long term Target
ALong
by MikeySeko
6