Aurora updateCurrently testing the big daily trend line, offering great opportunity to buy with a good stop. With more countries in Europe considering legalising cannabis, industry stocks expected to gain a boost soon. Good Luck!
Auroracannabis
Critical SupportACB is now trading at an area of critical support. I am playing this area long however if it closes a 3day candle below the 200ema it would be in danger of entering a bear market cycle. The last several months have just been a long period consolidation and that trend is likely to continue.
(Not financial advice)*
ACB Bounce play - Swing Trade IdeaLooking to swing ACB from the $6.3 range up to that mid point of the downward trend @ around $7.4-7.6 - Small play but something to help get us to earnings season!
Cannabis industry has been tough lately - watch positions closely.
GLTA
Short-term / Technical study of TLRYAs shown in chart. TLRY could benefit of a big rally if we can cross the $56.50 SMA(50) line with strong volume.
Technicals
RSI @62 with a stronger comeback from being oversold. (Check chart drawings)
* Always set your stop-limits to protect your position, as well as exit-profit targets to get your gains.
Happy trading!
dorfmanmaster
$ACB is trading on the support level, let's try to enter!Resistance ~ $9 - $9.9
Support:
Light ~ $7 - $8
Strong ~ $5
Enter ~ $7.8
TP 1 ~ $9.5
Stop Loss ~ $7.2
GL!
ACB - CRYSTAL BALLBlue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates potential support/resistance.
Green line indicates t/p.
This is a log chart.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)
$ACB: A closer look at the dipMy last analysis of $ACB was on the larger time frames which indicated more upside in the coming weeks. Now let’s look at the 4 hours time frame: I’ve indicated zones that we continue to surpass & each new zone we enter, we go into an upwards channel. If you have not entered, watch for price to bounce off of upwards channel before entering. Identifying the upwards channel in each new zone is a great opportunity to gradually add or for a first entry point before we reach all time high.
Also, $ACB was recently rewarded with the maximum number of lots in German cannabis tender. This is jus the beginning of many great news to come. A partnership with a large consumer company (in the works with Nelson Peltz) and the R&D expansion will shoot this stock through the all time high in my opinion.
$ACB: Buy the dip for further upside!An update. See you all at the top!
An analysis, not an investment advice.
Trade SAFE, trade PATIENTLY & say NO to GREED.
Long Aurora Cannabis (ACB) - Intraday- TSX:ACB broke above a declining trend line (1hr chart)
- Prices are trading above their 20-day and 50-day MA (1hr chart)
- Prices rebounded off their 50-day MA (daily chart)
- Bullish divergence with lower lows on prices but same lows on MACD and Money Flow
- MACD is about to turn positive.
Short Aurora Cannabis (ACB) for short-term gain- Prices are trading near top end of a rising channel
- A 12% move for a new board member is an exaggeration.
- Bearish divergence with money flow reporting a lower high while prices are posting a higher high (bearish reversal)
- $HMMJ (weed etf) is signalling bearish divergence with MACD posting a lower high while prices post higher highs.
TSX:ACB
$ACB & the Marijuana BOOM or bust of 2019?!? Read now.$ACB & the Marijuana BOOM or bust of 2019?!? But seriously, what are your thoughts? Comments and Likes are appreciated.
AURORA CANNABIS Buy Signal/ +700%/ $50 TargetPattern: Ascending Triangle on 1W.
Signal: Bullish as historically the break-out of the pattern results into a big rally.
Target: 50.00 (+700% rise).
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.
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: < $8
Not trade advise. For traning
acbacb :9.23-9.27 is VPOC
this levels must hold for longs and we go to 9.70 OR ELSE 8.50 AND 8.90$ LEVELS ARE PREVIOUS vpoc's( volume point of control) meaning where most volume has been traded and longs were in command
then 9.76 target#1
10.19
10.26
11$ and above....
ACB in descending channelIf it cannot break out of the descending channel we will retest lows in the next 24-48 hours.
Short play with $6.22-$6.12 target price
NYSE: $ACB | #AuroraCannabis appears to still have SOME upside.NYSE: $ACB | #AuroraCannabis appears to still have SOME upside. The KEYWORD is some. I'd avoid the buy here & wait for the short opportunity. Toodles!
acb.toacb.to : possibility of expanding flat or flat structure for consolidation before mosr upside...needs this pullback to attract more bulls
