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AURORA CANNABISAURORA CANNABISAURORA CANNABIS

AURORA CANNABIS

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21P trade ideas

Wait for a better priceGood day folks, Aurora Cannabis has been on a wild ride. There is support at $6.00 and it is likely to be tested again. If this support doesn’t hold, it could go back to breakout price or $4.00. I prefer not to mention the large support at $2.00 as it would be a complete catastrophe for the stock imo, however I would load big time at this price. Until the stock becomes a defensive one, I think its price will consolidate, making up and down, between $4.00 and $8.00. After all, we are heading into recession. Merry Christmas to all!
TSX:ACB
by tipere445
ACB No change in my outlined resistance and support levelsGOOD morning GUYS!!! WOW... JUST WOW!!! As I have previously mentioned in my previous postings with respect to ACB, my outlined resistance and support levels remain the same. As we can see, we have seen 5 bearish candles this whole week for ACB... reaching my target support level, which is part of the ascending triangle that I have previously outlined months ago. With that said, we may see a small shake out then a reversal going up OR we simply bounce off the support level. Personally, I have bought some ACB's at this point and I am GLAD that I did. Volume remains above average despite of the sell-off but do not view this as some negative outlook. We need this. I see ACB going on a bullish momentum going past 2019 Q1!!! I am the night stalker!! I stalk these charts day and night!!
TSX:ACBLong
by balanar_NS
ACB more bears coming to the party?My observation and opinion; It's clearly a bear party in the pot sector. I hope nobody is surprised because we invited them on Mid October. Some may still be hanging on, holding, and hoping for a turn-around. That has to be stressful. Might want to re-think that strategy. Some may have taken profit and now sitting it out. Some aggressive types may have shorted the crap out of this market. My strategy is: Patience! It is now just a waiting game, wait for the bottom, wait for a clear signal that we are heading the other way. I will let the price do it's thing. Go where ever it must, and when it gets extreme, I will take advantage of that weakness. I am watching the 7.00 and 6.00 zones for rejection. could be this week, could be next. We may even see some surprising new lows. But, for now, I will keep my cash in my cookie jar until I see a good reason to throw it back in the market. Randal L. Lyon Investor, Trader, Blogger www.wealthandgrowth.com
TSX:ACB
by 4XRandalll
1
My ACB pattern remains the same for months!!!This is simply beautiful. I have the same patterns, resistance, and support outlined since September 2018. Lower ascending blue line is the lower portion of the ascending triangle I have outlined. ACB hits 6.19CAD at low and climbs back up with a rising sun candle pattern. It's possible that we see a reversal pattern from here. I wouldn't be surprised if we see a short squeeze first as means of a shake out before we take off. I just bought some shares today. Still dollar cost averaging my way through ACB because I can see there's another final support level below it, which is 5.00-5.34 CAD. I doubt we will hit this level because the ascending triangle has been confirmed twice at the bottom and the top. If we hit 5.0-5.34 CAD, this level would only be reached via a shake out. Im putting most of my capital in this level if it ever happens. I LOVE this GAME!!!!!!! I'm a strong believer of ACB. I believe that they will lead the Cannabis market one day. I am Balanar the night stalker. I stalk these charts day and night!!!!
TSX:ACBLong
by balanar_NS
3