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Auroracannabis

AURORA CANNABIS INC ACB LONG SET UPBUY AT 0.77 & 0.64 SL 0.26 TP.1 $1.40 TP.2 $2.64 Tp.3 $4.20 TP.4 $6.40 When most people think of marijuana stocks, the last thing they think of is dividends. The legal marijuana industry is still very young, and new companies in growing industries need money to expand. Furthermore, U.S. investors in the marijuana space tend to currently focus on a handful of Canadian companies that have enjoyed the opportunity to list on U.S. exchanges.
ALong
by MavRich_Trading
ACB is rejecting from $19 level of resistanceIndeed, the market shares of Aurora cannabis in recent days blew very strongly from the point of view of volatility, the ATR indicator has jumped up from zero very fast. The stock has grown in value. But to judge this chart from the point of view of the interaction dynamics of price and volume is difficult because the market is too "noisy" and specific. Nevertheless, we will try to do the analysis. Technically, the stock is in an uptrend which is marked by the orange lines. While the price is above the 50% Fibonacci at above $12 level, we need to consider this action from the perspective of bulls. Level $12 per share is also very strong because we have a large bulb on the right side of the chart, in the market profile indicator. Also in favor of the bulls, there is the fact that the price is trading within the current orange channel. Everything speaks in favor of growth. However, I'm confused about some facts in the area of $ 19. The first fact - a narrow spread on large volume closing near the middle and the subsequent deep pullback from the overbought area is a clear sign of weakness (EVRT). Number two, I outlined SLKT - it's tiny exceeding the previous maximum, which has a manipulative character. Number 3 was a widespread down bar on high volume. I would have interpreted it as a Bar of Supply (SB). Thus the signals form the sequence 123, which often could be found on top of the markets. With confidence, I can say that the area of 18-19 dollars per share acts as a powerful resistance. As you can see, the signals are controversial. Given the weak opening of today's session, I would have preferred the game on the bearish side, because it is the most recent message from the chart. As long as the price will trade lower than $ 19 per share, the uptrend is under threat.
AShort
by fintechzoom
1
AURORA -ACBNYSE:ACB The Market has been bearish for the last months and I was not able to find any reversal signal, this is the reason why there is the 40% possibility that the market might keep going down. The option A is valid if there will not be any reversal signal of the market. The market should keep going down. Let's see if in the next days the pries will form any reversal pattern to say that it a good long term investment. Currently, the idea is to hold and see if we can go long as per option A.
A
by Mauriello
4
Rolling Up The Cannabis LoudPack Aye?Symbol: ACB Cannabis stock analysis, want to see this one play out. Correlate it with the last etf I just shared for cannabis sector health. Hope this helps. Enjoy. 🤠 ---------------------------------------------------- Want to level up your trading skills? We just realesed our new course! Follow our tradingview page and visit the link in our bio if you are looking for new strategy to add to your arsenal. Also checkout our trading indicator available in the link on our page. --------------------------------------------------- Thank you for your continued support, God bless. - Major League Trader
A
by UnknownUnicorn2319099
7
ACB goldgreenboiWork out where you want to buy and sell based on the info provided on the chart, make your own financial decisions . This is the treasure map . No X marks the spot however. Hint: Horizontal Lines are strong levels and solid targets. Trend Lines are not as reliable or as solid as Horizontal Lines. ACB Financials are growing exponentially, their sales and timing are impeccable with the markets. Canada legalised Cannabis on 17th October 2018. B uy the R umour, S ell the N ews. 1 May 2019 - Canada would introduce excise tax on all products containing THC, and introduce three new product classes for recreational sale: cannabis edibles, cannabis extracts, and cannabis topicals. NYSE:ACB TSX:ACB FWB:21P
FWB:21PLong
by Mt.BFX
Aurora Cannabis Bottomed - Mega Long Opportunity!Aurora Cannabis is one of the leaders in the new and emerging cannabis industry in Canada. They plan to stick around and I believe they will for a variety of reasons even though there is so much fear surrounding this industry at the moment. I'll elaborate further on this idea but for now let’s get to the TA. I’ve recently called LONG on this, but it has since taken another small leg down. Now the slope of downward price trajectory has slowed down and flattened, not completely but downward momentum has slowed down nonetheless, but trading volume has spiked. This speaks volumes to me, no pun intended. This shows me the possibility of a trend reversal occurring, and the bullish divergence on the RSI supports that idea as well. 
Now can the stock dip further? Sure, but I’m setting a stop loss underneath the support, mainly because we are on a major key long-term support line. If we break below this, it’s going to be ugly in my opinion. So why long? I view this as a low-risk high reward play for me considering what the technical indicators and current price level show me. I’m no fortune teller, I’m simply seeing a possible high-reward opportunity in front of me. Don’t forget there are a whole lot of people who FOMO’d into this industry at all-time-high prices and rode it all the way down. These are the same people spreading fear about the cannabis industry but the truth is this is when smart money buys. The Bottom Line: 9 months oversold on RSI, highest point reached being 60 and quickly dumped down back to oversold territory. Downtrend momentum has slowed down with breakout in volume Bullish divergence on RSI Price has already declined 88% from it’s all-time high. Buy the fear, sell the greed. This is not trading advice, just my own opinion and ideas. Excited to see how this plays out. Safe trading, cheers!
A
by thiluxan_s
4
Reasons to buy Aurora Cannabis ACB stockIt’s been a rough year for cannabis stocks and even though Aurora Cannabis (NYSE: ACB) is one of the most notable companies in the Cannabis sector, it had its fair share of struggles in year 2019. The stock has been dropping strongly for many months since April 2019. Following that yearlong downtrend, here are a few reasons to consider buying Aurora’s stock in 2020 based. Remember we only trade supply and demand imbalances, we are not interested in fundamentals for this particular cannabis stock. We don’t care if the company could bring in a new CEO to negotiate a deal to bring consumer packaged goods to the company and bring greater financial discipline to the company. We could start adding fundamental analysis and why Aurora Cannabis hasn’t done very well last year. Who cares about all that? What we should care is about the super strong monthly demand imbalance that price has reaches after months of continuous devaluation of the stock. As supply and demand traders we should only be interested in trading strong imbalances, price levels where the underlying asset is out of balance. See Aurora Cannabis ACB stock monthly timeframe supply and demand analysis underneath. We can see a very strong monthly demand level around $2.15 per share. It’s a very strong impulse that provides us with a lot margin for price if price reacts to that imbalance as expected.
ALong
by AlfonsoMoreno
5
Aurora Cannabis - Massive Long Opportunity!Last time we were in overbought territory on the daily RSI was 10 months ago. This has been the largest downtrend in the stock's entire history. Currently trading under a death cross for quite a very long timenow. So why long now? Not only has it bounced off the major long-term support line (green), it seems to be forming an inverse head and shoulder at the moment which is bullish and signals a trend reversal. That along with it being in oversold territory for 8 months and finally breaking out and posting a higher high tells we may be at a price range that we may not see for a very long time, if ever. A few more daily closes will paint a better picture with regards to the possible inverse head & shoulders. In order for this to play out we would have to reach a price of approximately 1.91 so don't panic if we dip first as it is expected. If we continue to post higher lows and highs in this trend then the swing to the upside could in fact be immense in the next year. Low risk for a potentially very high reward in my opinion. I don't think we're trying to break this support line because if we do then it's going to be a freefall ;) Please like & share if you found useful. Leave your feedback below and let me know what you think. Cheers, and safe trading!
ALong
by thiluxan_s
11
Aurora Cannabis (ACB) Entering the kill box for shorts After what seems like a never ending cascade ACB and many other MJ sector names are entering major support zones for accumulation. This is where I am looking to enter positions for maximum Risk/Reward. Calculated entries are laddered at daily gap zones inside of this box with half of a position and another half is waiting to be deployed on a move up & out of this zone. Patience is key as there will need to be a new base formed or an explosive volume based bounce.
A
by Cryptic_Insight
2
is 2020 going to be the year for marijuana stocks?Welcome fellow tradingviewers, Cannabis stocks have been getting hit from all of the place since the big hype. We have seen a real though Bear market for the last year or so. So is 2020 going to be the year for cannabis stocks ? Let's find out: I was writing this analyses when we just closed the weekly at 1.62 and decided to wait it out for a bit and I am glad i did to find my perfect entry. Monthly: On the monthly we can clearly see that we have just tapped the pre bullrun support zone and are currently bouncing up from it. Weekly: We are starting to see some form of pushthrough, will be exciting to see if this week is going to close as a bullish engulfing candle. If it does it will predict more upside momentum. There is little to no resistance all the way to 4 dollars per share. The support zone was located from 1.50 to 1.65 where we located our buy orders. Daily: We are starting to form a small inverse head and shoulders with the neckline around 2.25. If we can breakout of this pattern then we should be ready to test the upper resistance zone on the daily located at 2.50-2.70 In summary: A lot can happen this year, but we now that the cannabis stocks are currently in oversold territorium and might have just finished the capitulation fase. If we manage to break the 2.50-2.70 area, we can have a relief rally to 4-6 dollars per share before thinking about higher grounds. I hope you guys enjoyed this analyses, if you did don't forget to leave a Like ! If you want to share your thoughts, please do so in the comments below! Kind regards, Forallcrypto
ALong
by ForAllCrypto