Get started

Aurora

ACB - ShortACB closed below the green trend line on the daily. Target 1 $7.68 Target 2 $7.31 Target 2 $7.20 Target 4 $6.32 Cannabis is an emerging market and while it will be quite big in the future, I wouldn't expect cannabis stocks to necessarily reflect that growth. Case in point. I live in Colorado, which is arguably the Amsterdam of the US, when it comes to weed. Seriously. Weed dispensaries outnumber liquor stores. Probably a good thing but check this out: Many of those dispensaries are just one or two bad months away from bankruptcy and many are attempting to sell their business/licenses. Much like commercial real estate in Denver, after spiking supply to meet demand, an equilibrium has found its place and the value of said real estate is falling. I think Cannabis stocks are over hyped and they are not yet a value buy.
AShort
by jdharward
1
ACB - Market OverviewThe price bounced from 10.00 level and moved lower. RSI confirmed the price reversal. MACD histogram supports a downward movement and MACD lines are going to do the same. DMI is bullish, but ADX line falls. It tells us that buyers are not so strong now and a correction of the uptrend can be continued. There are two possible entry levels for buying. The 1st level is above 10.00 resistance and the local swing high. If the price breaks it, it will confirm the strength of buyers and the continuation of the uptrend. The price will be able to reach the previous highs at 12.00 level. If the price continues falling, the support zone formed by 8.00 level, the uptrend line and combination of MAs, it will be able to stop and reverse the market. This zone can be used for buying based on a confirmed reversal signal with targets at 10.00 and 12.00 resistance levels. The falling below the support zone will confirm a trend reversal and the strength of sellers. The market will be able to reach the previous lows and the 1st one will be at 5.50 level. The support zone between 5.50 and 4.50 levels also will be able to provide interesting trading opportunities.
A
by DLavrov
4
Will Aurora Cannabis Reach ATH soon ?The volume was quite impressive last week, smashing through the 8$ resistance and closing very strong above the pink trend line. What's interesting about this trend line is that you can extend it back 2 years when the price was under 1$ and it's been tested again and again, acting both as support and resistance. Next weeks we might see some follow through with resistance around the 10$, 11$ and 12$ levels, but more importantly the all time high is in sight. I don't know what's driving this surge for the past 2 weeks and I must admit I'm a bit skeptical. If for some reason there's a pullback that bounces on the pink trend line, it could be a good opportunity to make an entry. Other than that, I'll be careful as this stock and this sector can drop quickly, so this chart is more to help look for an area where buying could happen IF there's a sudden drop.
A
by The_Agent_K
3
Aurora upward trend to ATH?Not Trading Advises. only for learning. Appreciate feedback and criticism I think Aurora is in a upward trend to its ATH price range based on the following: • HH & LL • RSI showing positive signals and positive momentum • Volume increased • Structure/Support at $9 Cad, not sure how strong the support is, and if the support is hold at $9, i interpret it as bulls have control over the stock and expect to see higher SP. • Respecting 200 Ma, and trading over 50 Ma. • By and large $ 175 millions Cad in revenue Q4/Q1 2019/2020, by and large $700 millions – $ 1.2 Billions Cad Revenue 2020. ( PE 10 on today's price ) and expected to grow in to a Billion dollar quarterly revenue company, • Aurora is getting traction in the media. Buy rating. • Cannabis market is getting more love every week, being talked about more and more, many times a week on Yahoo Finance, and Aurora is often mentioned. • Higher marginal products coming online Target: $12-$13. If the price drop under $9 Cad, trade is not viable. ( my rule ) Disclosure: Aurora is my biggest holding, resp 30%. Planing to hold for life if the company continues to grow. Not Trading Advises.
TSX:ACBLong
by LifeOfInvesting
Aurora leg 5I think Aurora will do a wave 5 up. After the first report Aurora look like to have a strong future. And with pension founds and other institutional investor starting to pick up Aurora shares i think the SP will start to reflect it. I hope it will be a steady climb as it for me represent a shift in sentiment and a new type of buyer have come around. Changed sentiment bull target: $14 cad Trending range: $8,30-$9,30 Changed sentiment bear: < $8 Not trade advise. For traning
TSX:ACBLong
by LifeOfInvesting
5
ACB update on the hourlyQuite the fight going on today in the MJ sector. As expected we started the day bearish which was hinted premarket and injected with bearish news on the European growth outlook. Bulls however vigourously defended the low of the pullback and bought the gap down on serious volume. Bears did nog get much follow through on the pushback. Most likely scenario is to consolidate on the hourly now to clearly establish the new higher low as with volatility of the past few days levels are not clear. If bulls manage to break high of the consolidation that will result in another leg up which will show how strong the bulls currently are. I expect a lower high to form first just below the last daily high. With a strong close, friday will be an interesting day and nervousness will be pushed to the shorts in this stock.
ALong
by SeqZ
1
ACB to start next impulse waveMy sentiment on ACB is currently bullish, based on the following: - EMA 50/200 cross down on the daily december 20th 2018 marked loss of the daily uptrend and start of weekly consolidation - EMA 5/20 cross up on the weekly formed yesterday with strong close and after hours action - EMA 50/200 cross up for ACB is very close on the daily, signalling end of consolidation (not shown on this graph, check the ACB weekly EMA cross 50/200 - Cup handle break-out pattern completed - Volume surge of 64M + 3M after hours; which equals 2 times the average 3 monthly volume - Good upside potential, acceptable downside risk - Bounce of on 0,618 Fib retracement. Long term uptrend intact, ACB is in a strong uptrend on all lower timeframes (2H/4H/daily) - Sector momentum Most likely scenario: - Be wary of profit taking; use protective stops! - Form Lower high compared to october 2018 top; estimate 9,5/10 USD depending on follow through - Retrace to higher low; estimate 6,4 USD range - Bounce and move on rising bottom support to horizontal resitance on previous highs; break to new all time highs This may take some time to play out on the longer timeframe. This is not investing advice, just my vision of how this may evolve. Always do your own research, don't but off random tips on the internet! Peace, all comments are appreciated!
ALong
by SeqZ
2
Dotcom bubble vs Canna bubble, Amazon vs Aurora, eye opening I went and compared the 2000 dotcom bubble burst to the 2018 cannabis bubble burst and i think there is a eye opening similarity. I see Aurora as a big player in the cannbiz but their delution on the shareholder will hurt the stock price even more. In my analysis there is a decline of another 50% to come and if you look at the numbers they forcast for their revenue Q2 2019 of 50 Mill. with a marketcap of 5 Bill. USD oh my, then you should absolutely keep a close eye on Aurora. In the future of pot I see them big but for now the investors will suffer some more pain and we might see the 2.50 again. I will acumulate on their way down and hold them for a long. Decline will probably keep going until mid 2019 Just my opinion so make your own resarch and like always May the markets be with you Follow me here and on Twitter @derfreietrader Thanks for your support
TSX:ACB
by derfreietrader
4