ACB: Reason for MOST volume its EVER traded at.It was trading at a volume of 426.88 on 11.30.2020, it hit its peak at 656.29M on 11.2.2020. I would predict ACB hitting a reversal after the cup w/ handle pumps the prices to $20, but company's financials are flimsy, so a reversal is uncertain for those looking for a long term trade.
ACB
ACB trade plan for next week Dec 14, 20ACB is going up and should reach the price target of $14.49 next week
ACB - Time vs Price144 days since the last high. Since then, lower high, lower low. Currently laying on top of daily MA21 after a falling wedge. Could break out from here, but primary degree still looks bad.
$ACB - Bull Target $13.7 & Bear Target ~$9.5Bull case: Double bottom Target $13.7
Bear case: Retest ~$9.5
ACB Rejected at Weekly MA50Bearish divergence on weekly time frame and rejected by weekly MA50.
Careful, Robinhood crew.
The beginning of an uptrend for marijuana?Aurora Cannabis NYSE:ACB is one of the leading companies of this industry and it's starting to look good. I always look for healthy trend signals to have positions for weeks or months, not days. This industry is still very volatile so if I buy I'll do it with little money. Another way to tackle the volatility would be to just buy a good ETF like AMEX:MJ or AMEX:YOLO . But to get real good returns is better to buy stocks.
Aurora Cannabis NYSE:ACB just broke-out of it's 200 day MA for the first time since June of 2019! So, I'll be checking this stock for the upcoming days.
Developing trade cannabis market All cannabis stocks about to become daytrading gems again. Buy the rumour selll the news.
Good luck!
The bigger picture for weed This is a 1-month chart, which enables us to see the very long-term trend.
Honestly nothing is really happening yet, we maintain a consolidation for almost a year, after a long-term heavy decline.
Fundamentally, nothing has shifted yet, but it looks like there is some interest with Biden getting nominated.
Stocks are undervalued; that doesn't mean they can become even more undervalued.
I am watching them, but don't feel the time is right yet. If you don't want to miss out, buy a 25% of what you would normally. I am keeping them on a watchlist.
ACB - Hidden Bullish DivergenceThis Garbage is Trying to Break Out. I'll take a trade if it breaks $11 with conviction. Won't stay long overnight though.
[ACB] One for the Road... Gettin Back to My Roots B)-~I was caught up way too deep in my SPX/Volatility modeling and need a refresh!
That we won't see the fruits of until next month.
ACB FOMO spikes are what popped my bubble haha.
Cannabis is way more interesting than volatility because it is at a 95%+ discount right now will be worth 10-50x within five years and shit just had a massive 4x swing in a few days, these stocks are cray cray and gonna be a wild ride up to Federal Legalization when we can all retire in our golden hammocks while blazin up ACB.
This is just the start! B)
I'm lovin this more simple modeling, it worked out fantastically well for assessing my SPCE and JMIA plays...
SPCE:
JMIA:
SNDL Sundial Fibonacci retracement completedAfter the Tech bubble and the EV bubble now it`s the time for the Cannabis market to shine! :)
Sundial Growers engages in the production and distribution of flower, pre-rolls and vapes. It operates through the following segments: Cannabis, Ornamental Flowers, and Corporate.
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
Stock/Option Play: ACBPost-Biden election news this stock proceeded to lift off, but a tough earnings slapped some reality in people’s faces. I think the stock finally had a monthly breakout and is simply retesting the breakout. Back above 7.51 and we’ll see many more levels above as more states have legalized weed, and other states (and the federal gov’t) will see the tax benefits). 600 million net buys in the last few years after you take out the profit takers, priming this stock for higher levels as we ride the wave of weed legalization. Sitting in commons and playing the 10c’s for 12/18. Good luck if you play!! (Previously weekly highs of 14-15 in past couple weeks)
ACB more fund raising and increased cash burnA quick round of diltion before the next implosion. I don't care much about being right, but I warned about this when the reverse split was announced. Anybody ever wondered why they split to just about 100M shares? Now you see it in practise. Pump fast, raise cash and implode.
Cash burn increased. Recreation turnover decreased. This company is failing.
Still has $2B worth of assets, but when it gets taken over, it'll most likely be for pennies on the dollar.
Traders make cash on this asset, but investors should leave this stock alone.
My 2 cents. Its free!