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AURORA CANNABISAURORA CANNABISAURORA CANNABIS

AURORA CANNABIS

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21P trade ideas

ACB bulls buy earnings dip but downtrend remainsHi, having trouble with the hotel wifi as I'm on vacation skiing in beautiful Lake Louise AB so I'm not doing videos tonight. Aurora bulls bought the gap down open and had a volatile day with a wide trading range. Despite the huge 12% bounce note that every hourly bounce is just a lower high. To change this hourly trend and give us a new daily support level bulls need to hold low of day 8.83 and break high of day 9.90 and 10.00. There's a lot of room here so if bulls cannot break resistance first thing tomorrow morning watch for an hourly equilibrium into the end of the week
TSX:ACB
by McGuireTO
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
Buyers beware"Markets are in a constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected"- George Soros Weed has been a disappointing ride for the majority of public investors and almost reminds me of the Facebook IPO. If you look at my past charts you will see I also took a crack at buying ACB @7.60 with a stop at @7.05. One of the reason I like tight stops is when I am wrong say in a buy situation and the market drops I am able to get out then re-assess. You can then wait for depreciation and buy back more shares later using remaining capital without taking any additional risk. The general public tends to hold and pray and I believe this is a huge mistake. Why pray when your money can buy more later? After gaping up from the low of 6.21 volume increases to the high of 8.25 before sellers step in and sell into buyers forcing the market down again to form this double bottom. I believe much of the general public is still long and we will see more pain until the public begins to give up at which point buyers will take everything they sell. I am not selling short, I am standing aside and waiting to see if this plays out. If it does I expect prices to drop near the $4.00 area and sitting tight will potentially offer great rewards. I believe the US indexes are currently in a natural correction which is not complete yet. I highly doubt ACB will get any steam until that is finished.
TSX:ACB
by DKMartel
1