ACB
Aurora: Sleeping Beauty 👸It's time to activate our wake-up call to get Aurora back into motion, since we expect the course to rise up North, even though it is still creeping sideways momentarily. In our alternative scenario, there is a slight probability of 33% that the course could drop below the $1.14 support line instead. In this case, it would continue to move South until it reaches the low of the grey wave alt. II. Primarily, the stock should make the climb and fulfill the blue wave (iii) before dropping into a correction of the blue wave (iv). Once completed, the course should have gained momentum to be able to exceed the resistance line at $2.49 and wander further North in order to complete the pink wave .
Aurora Cannabis massive potential to the upside.This is what I currently see for ACB. The stock has been basically trading sideways since June 2022 and found a low on October 11th. We currently dipped back into the demand zone from October and I expect price to retest the August high. My initial targets are $2 and $3 in the long run. Once we leave the accumulation phase this one, inlcuding $TRLY and $OGI, should fly.
ACB 1M 82% Up and 77% DownAurora Cannabis, Inc. engages in the production, distribution, and sale of cannabis products. It also produces and sells indoor cultivation systems and hemp related food products. The firm operates through the Canadian Cannabis and International Cannabis segments. Aurora Cannabis was founded by Terry Booth and Steve Dobler on December 21, 2006 and is headquartered in Edmonton, Canada.
SNDL LONG- A rising tide lifts all boatsNASDAQ:SNDL
Cannabis Stocks are mostly all on uptrend today.
See my other ideas regarding POTX and TLRY.
Being priced low, more retail traders can enter this symbol which is speculative
but is helped by sector movement as well as the market at large
( at least until the Powell Jackson Hole speech on Friday )
Shout out to Wolf of Weed Street ( Jason ) !!!
POTS- Bullish Momentum on Biden Pardons LONGWith a news catalyst, of the pardoning of all cannabis possession federal convictions,
POTS put in some wide range green candles to celebrate the increasing sediment towards
federal legalization.
As the 15-minute chart shows, a downtrending line was broken by price and then retested.
The setup is ripe for a swing long at this time. I see the constituents of this ETF
like SNDL CGC ACB TLRY IIPR as candidates for trades as well. On the other hand,
They could pop and drop and so be candidates to short or take put options.
POTX a cannabis ETF is a siwng LONG Setup ( ACB MJ TLRY)POTX as shown on the 30 minute chart
is showing an ascending megaphone pattern,
a reflection of increased volatility,
The price is sitting on the lower megaphone support line
and the RSI shows weakness.
Green up arrows show each time the price has touched the
support line it has reversed to the upside. The same for the RSI.
I see this an an excellent swing long setup with a target
of about $22 or 25% in a diversified EFT allowing for
a bit of risk mitigation.
MJ POTX CGC TRLY ACB SNDL IIPR Composite Index Update LONG This is an update of a previous recent idea. The MJ composite has had
a pullback and shows bullish RSI divergence. It is at support and has
various resistances dynamic and stationary above. The time is now
to analyse the preferred symbols / stocks within the composite.
( Alcohol thrived during the Great Depression, no reason not to assume
that cannabis will not thrive in the upcoming Great Depression V2).
Cannabis / MJ Stocks Reversal NotedToday a bunch of cannabis stocks showed up on my screener with
some good price action and high relative volume.
I set up a composite chart using some of the more heavily traded
stocks but no OTCs as well as a couple of the ETFs and the
REIT IIPR which manages and leases indoor cultivation farms.
While I found the composite price had been drifting downward
over preceding months, it bottomed on August 1 and has
rose 30% since then. Fundamentally this is a growth
industry with or without an impending recession.
The volume indicator shows rapidly rising volume
in the past two weeks, a good support for price action
I conclude the cannabis stocks may be candidates for
swing trades presently and into upcoming weeks.
Aurora Cannabis (NASDAQ: $ACB) Nearing All-Time Lows 🌿Aurora Cannabis Inc. produces, distributes, and sells cannabis and cannabis derivative products in Canada and internationally. It also engages in facility engineering and design, cannabis breeding, research, production, derivatives, product development, wholesale, and retail distribution activities. The company produces various strains of dried cannabis, cannabis oil and capsules, and topical kits for medical patients. It also sells vaporizers; consumable vaporizer accessories; and herb mills for using CanniMed herbal cannabis products, as well as grinders and vaporizer lockable containers. In addition, the company engages in the development of medical cannabis products at various stages of development, including oral, topical, edible, and inhalable products; and operation of CanvasRX, a network of cannabis counseling and outreach centers. Further, it provides patient counselling services; design and construction services; and cannabis analytical product testing services. The company's brand portfolio includes Aurora, Aurora Drift, San Rafael '71, Daily Special, AltaVie, MedReleaf, CanniMed, Whistler, Woodstock, and WMMC. Aurora Cannabis Inc. is headquartered in Edmonton, Canada.
Accumulating $ACB $11 calls for 9/16. Everytime I post longs on this stock I get a bunch of salty HODLERS that say they're done with this garbage stock. Earnings have been bad but with Cannabis on the verge of federal legalization and presidents handing out amnesty for cannabis convictions is a good sign for the future.
ACB ideaIts been a long time since I traded this stock .
I remember trading it back in 2018 - 2019 at its ATH on eToro .
On the weekly time frame it had a nice bounce around the $2.85 area . I would like to see the price passing through the $5 resistance area and turning into a support zone .
From the 4th quarter of 2019 the stock is in a downtrend , I remember back in the day they started reducing the number of employees and the number of warehouses , which was also a negative impact for the stock , but also the competition was growing strong and gaining market share . Some bad quarter results had for sure one of the greater impacts on the stock .
From price action perspective I believe the strongest resistance is around $10 and $25 .
I am sure someone could argue in that there are better stocks out there at the moment , but I still believe they can grown in the future .
Saying that I am keeping a neutral position for the time , I just wanted to share my idea for this stock .
SNDL - Day of reckoning coming for weed stonks? Weed stocks are having a great week so far and I don't think the fomo has kicked in yet.
SNDL is breaking out on weekly into the new channel and can squeeze higher above a dollar. I think this will continue running into month/quarter end and potentially 5-7+ dollars into Q2.
This entire sector has been beaten down for years as money has shifted into tech and growth. As the Fed tightens, people will look to value vs growth and this sector is at/near all time lows. Risk to reward is a no brainer.
Aurora Cannabis (USA: $ACB) Ready To Get High! 🌿 Spring 2022Aurora Cannabis Inc. produces, distributes, and sells cannabis and cannabis derivative products in Canada and internationally. It also engages in facility engineering and design, cannabis breeding, research, production, derivatives, product development, wholesale, and retail distribution activities. The company produces various strains of dried cannabis, cannabis oil and capsules, and topical kits for medical patients. It also sells vaporizers; consumable vaporizer accessories; and herb mills for using CanniMed herbal cannabis products, as well as grinders and vaporizer lockable containers. In addition, the company engages in the development of medical cannabis products at various stages of development, including oral, topical, edible, and inhalable products; and operation of CanvasRX, a network of cannabis counseling and outreach centers. Further, it provides patient counselling services; design and construction services; and cannabis analytical product testing services. The company's brand portfolio includes Aurora, Aurora Drift, San Rafael '71, Daily Special, AltaVie, MedReleaf, CanniMed, Whistler, Woodstock, and WMMC. Aurora Cannabis Inc. is headquartered in Edmonton, Canada.
Aurora Cannabis is stoned again. ACBGoals3, 2.75, 2.36. Invalidation at 6.07.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
Cannabis Sector To Run 2022 6-7x Potential Canopy GrowthHey the cannabis sector has underperformed the stock market indexes in 2021, this will run in 2022, stay updated in January for monthly momentum inflections. CGC has a 6-7x potential from here. This should be the first big sector swing followed by airlines and renewable energy in 2022.