Thoughts on Aurora?We can see that it it has held support at the .382 fib line, hopefully it can hold. Do you think it will continue sideways or breakout after being squeezed into the triangle?
ACB
HVT, Real Marijuana With Good PotentialCompany is in the middle of building a grow op with 12000 kg potential. Bought MMJ Phytotek, an Israeli pharmacuetical venture creating a CBD based seizure medication. We all remember what happened to OWCP. Lots of news catalysts in the future. They just an closed an offering for 40 million, 20 000 000 shares priced at 1.82, so the price is a pretty nice discount. Looks like a nice entry somewhere between the 78% line and the close, depending on the price action. There was a big bid for 100 000 shares in that range yesterday. Don't think they got fully filled yet. I think the drop is done.
Bitcoin Big Crash Coming When Korea Shuts Down ExchangesThis market is filled with unsophisticated traders, with people who are way over leveraged. When this thing starts to really tank, people are going to start looking at their life savings and panic. Too many coins now. Before we only had ether and litecoin, now we have thousands. People will start to worry that bitcoin is just a prototype and lose faith the lower it goes. The pull back will eventually stop, flat line, then take off again for another run
Market Reversing, We Are Headed For 4-6 Month Bear MarketMaybe longer. SELL LONG TERM HOLDS, GET INTO CASH. I REPEAT, GET INTO CASH. 4 distribution days in 2 weeks, mixed with a massive interday drop. Market will get choppy, there will be a dead cat bounce, then the trend is down for awhile. Runs over for a bit. Start looking to short, not right away, just start preparing. SELL ALL HOLDINGS! GET INTO CASH
ACB: Price TargetI have a $15 price target set for ACB and believe that extremely long term it can pass a $25 mark and potentially a $30 mark by the end of this year. The medical Cannabis industry for psychological, physiological, or physical reasons have been growing in prescribed use. Also the market demand for HEMP is seemingly increasing in certain areas of Canada and even certain places throughout the United States for the use of it.
Aurora , High in the sky.ACB is likely going to acquire CMED & HIP , and become the largest LP in the world.
For what ever reason, i feel like ACB will just keep on climbing. Many new investors just entering the sector now.
Let the bidding wars continue in this speculation driven market.
ACB Aurora Cannabis Correction IdeaHey,
Novice trader here learning Elliot Wave with Fib. Just seeing if anyone else can see similar count or if I'm way off. This could be the start of a 3 major wave with this being the first sub wave or I could be wrong.
Let me know what you think.
Thanks!
OGI Short Target: When The Sector Pulls Back (OHH and It Will!)The MJ sector will have a sharp retrace sometime in the near future. WHEN it happens:
Target the weakest names
If anyone has any tickers that they would like to share as potential targets please leave a comment
ACB: Trade Potential (if we can catch it) Unfortunately I'm a little late to this party, but there may be a little juice left.
Also Important Note: I'm being very cautious because there is the possibility of a sell the news event at the first of the year. It seems that the expected good news is already being priced in.
ACBFFAurora Cannabis is breaking out on the weekly chart. Golden cross on the daily chart. What's not to like about it? Anyone...?
6 month target $4.60
AURORA CANNABISI drove past the new project site the Edmonton International Airport. It will be the world's largest single cannabis growing operation from my understanding.
I not sure why anyone wouldn't buy with a chart like that but it's only my opinion.
Especially with the 20 MA crossing the 100 MA
