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Auroracannabis

Aurora Cannabis Great Risk Reward SetupACB has a well defined ascending trend line supporting the price which the price just bounced off of. The upper trend line is not as well defined, but I copy and pasted the bottom trend line in the assumption that ACB is in somewhat of a parallel channel with some fake-outs above. Regardless of the channel, there is resistance around ~$18 that the price has fallen from a few times. This $18 level has also been used as support in the past. With the pivot that ACB recently put in, there is a point to measure risk. With a stop below that point and a target of around $18, the risk reward ratio is about 3.
ALong
by ttrending
ACB - best Cannabis stock for LONG.What do I expect from $ACB (Aurora Cannabis Inc) this week? ☘️☘️☘️ This big triangle is almost ready for a breakout. He was formed throughout all 2020 so it's a start of a big move.🤑 Today we are on 12.80$ price line - the same price was in Oct 2016. And we did +60% per week: from 12.70$ to 21.85$. ✅We have a bullish cannabis sector. ✅We have a golden cross on D chart. ✅We have a bullish pattern on the chart. I think it's one of the best options on the cannabis market right now. TLRY ( Tilray , Inc. ) ZYNE ( Zynerba Pharmaceuticals Inc ) also looks nice! but I see 🚀INSANE🚀 potential in this/next week in ACB . Thanks.
ALong
by Icemoney666
2
Aurora Cannabis: Wyckoff Accumulation PatternAurora Cannabis(ACB) has formed a Wyckoff Accumulation Pattern and is currently in the ‘build up’ cycle of Phase D aftering having successfully created a ‘spring’, a ‘test’ of the spring and a ‘last point of support’. Price is currently testing the top ‘support line’ which is currently acting as resistance and stems from the ‘automatic rally’ seen back in March of 2020. The expected move going forward for price to continue pushing higher in the ‘build up’ and eventually push on up toward the lower resistance line near $20/share. The blue line shows the projected path for price.
ALong
by PrepForProfit
2
ACB Strong Buy Signal w/ High Upside Potential next 6 monthsAurora Cannabis (ACB) closed at $6.98 on Sept 11, meeting 2 previous support Lows. Fibonacci ratios and Elliot Waves on this chart fit quite nicely. Key points for a BULLish trend over the next 6 months: Key Support met again. History tells us a breakout may be on the horizon. Declining volume on the downward trade indicates a possibility for a breakout with high volume. RSI provides a strong oversold indicator. Consider the larger Elliot Wave Trend and see that we may be at the low of a Wave 2 on the larger cycle, indicating the best buying opportunity of all time, with low downside risk. Key Points for Risk-Reward Trades over the shorter-term: Note the MACD cross-over, but also the unreliable nature of this indicator, especially considering prior history of "flip-flopping". Lots of opportunity to trade the up and down moves to $150 over the short term if there is a bull breakout. First target of $33.50 is based on the .786 retracement, and coincides with the impulse peak of wave 3. This will require a strong breakout with volume and likely be accompanied by high volatility. Disclaimer: I am not a professional and I chart for my own education and learning. Please feel free to share your ideas and any resources you might recommend! Thank you! :)
ALong
by Shadowfigure
6
ACBIt seems to me that ACB will increase in the next few minutes. Anyone who needs an advisor, I'm on duty. Note: (When I set the target and stop loss in a number that does not mean that the price will reach it, I only gave a buy or sell signal according to the analyzes that I performed in the chart and I delete it later, in order to share it with you so that you have a clear picture and you can read it in clear way 2, when you decide to use my ideas in your trading, please contact me to inform you of some things and monitor the position together without specifying the target or stop loss, we will decide when to open and close the position, thank you !!)
ALong
by AymanSBAI
Aurora Cannabis $ACB is getting ready for Moon MissionWell, cannabis stocks went through very rough couple years. They all were in accumulation mode for good part of 2019 and entire 2020. Accumulation is done and ready for take-off. Here is why: - Few month ago we made new Higher High with possible Higher Low as of now. - The reasoning behind Higher Low is a consolidation in the area of Fib levels 0.705 and 0.618. - Price breaking out (or at least trying) from the classic BULLISH Pennant. - Price extracted liquidity from fairly matured Order Block originated in 2016 Price Action with super High Volume. - The volume even higher than previous bullish runs of 2017-2018. - Other canna stocks are breaking out as well for confirmation. Looks like entire industry is ready for the move. Invalidation: - Price action breaks below HTF Liquidity Support and deeps lower. - New Lower Low established. Note: - There is one area of concern (gap in price) right around Volume Area Low and HTF support. Price may deep into that area for quick grab to close that gap, but this area can be treated as part of bullish "Reversal Island" setup and may be avoided altogether. As always this is not financial advise.
ALong
by LEVERXYZ
1
Inverse Head & Shoulders breakout for ACB?ACB has been on a nice bullish uptrend since the 12 for 1 stock split, that was a great move on their behalf, however, it is interesting to see them buy a U.S asset & issue shares immediately after lol. An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends An inverse head and shoulders pattern, upon completion, signals a bull market Investors typically enter into a long position when the price rises above the resistance of the neckline.
TSX:ACB
by ScotianBot