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AURORA CANNABISAURORA CANNABISAURORA CANNABIS

AURORA CANNABIS

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21P trade ideas

ACB Earnings Practice. Up 90%+??ACB earnings are in the morning, and Monday my dowsing really wanted to pay attention to this one based on the list I used. It also had picked SNAP and said it would hit a new low. It's down 35% last I saw, so I want to post this idea for the journal of a stock my dowsing is choosing, not me. I get repeatedly it's "safe to buy" and my intuition gave me a heart shape, which means up. Last night intuition gave me huge stars for SNAP, which is my signal for down. I am also getting a number in the 90s, which I believe is percent. My dowsing specifically gave the number 97 and said it's percent, which takes ACB to around $.818 The important thing to realize is that it will go right back down at some point, so could be played both directions theoretically. I get to sell rallies and spike up and reverse down. That's about all. We'll see!
NASDAQ:ACB
by JenRz
2
"Aurora Cannabis: Short-Term Bearish, Eyes Massive Bull Run"Analyzing Aurora Cannabis Stock: Tight Compression Forms Massive Falling Wedge Aurora Cannabis stock, a prominent player in the cannabis industry, is drawing attention from investors as it undergoes a significant chart pattern characterized by a tight compression formation from a six-year retracement, resulting in a massive falling wedge. Despite recent attempts by bulls to break out, the stock faced rejection at $1 and is currently breaching short-term support levels. While we advocate for long-term accumulation, short-term projections suggest a potential shed of 10 cents per share, presenting an absolute buy opportunity. Let's delve deeper into what Aurora Cannabis stock represents and its current market dynamics. Understanding Aurora Cannabis Stock Aurora Cannabis is a Canadian cannabis company that specializes in the production and distribution of medical and recreational cannabis products. With a focus on innovation, quality, and sustainability, Aurora Cannabis has established itself as a leading player in the burgeoning cannabis industry, catering to a diverse range of consumers and markets. The Tight Compression Formation The tight compression formation observed in Aurora Cannabis stock is indicative of a period of consolidation and indecision among market participants. This compression has formed over a six-year retracement, culminating in the creation of a massive falling wedge pattern. Falling wedges are bullish reversal patterns characterized by contracting price ranges and declining volume, typically signaling a potential breakout to the upside. Recent Breakout Attempts and Short-Term Outlook Despite recent efforts by bulls to break out of the falling wedge pattern, Aurora Cannabis stock faced rejection at the $1 level, highlighting the presence of strong resistance. The failure to sustain momentum has resulted in the breach of short-term support levels, indicating a period of uncertainty and potential downside pressure in the near term. Accumulation Opportunity While short-term projections suggest a potential shed of 10 cents per share, we believe that Aurora Cannabis stock presents an attractive long-term accumulation opportunity. The fundamental strengths of the company, coupled with the growth potential of the cannabis industry, position Aurora Cannabis for success in the years to come. As such, investors may consider utilizing the short-term downside as an opportunity to accumulate shares at favorable prices. Conclusion: Navigating Aurora Cannabis Stock In conclusion, Aurora Cannabis stock is undergoing a significant chart pattern characterized by a tight compression formation and a massive falling wedge. While recent breakout attempts were met with resistance at $1, the breach of short-term support levels suggests potential downside in the near term. However, we view this as an opportunity for long-term accumulation, as the fundamental strengths of Aurora Cannabis and the growth prospects of the cannabis industry remain intact. Investors should exercise caution and consider their risk tolerance when navigating the short-term volatility of Aurora Cannabis stock.
NASDAQ:ACBLong
by UnknownUnicorn2319099
3
Aurora: Electrified ⚡Aurora continues its electrifying trajectory. The price dipped further into its inactive target zone during the last trading week and is now visibly striving to resume the primarily expected uptrend. These efforts should soon yield bullish results. Aurora’s next target, the resistance at C$1.59, lies approximately 60% away. This resistance must be surpassed to grant wave (1) in magenta, its well-deserved peak a bit higher. An intermediate correction is expected to pull the price back slightly.
TSX:ACBLong
by MarketIntel
2
ACB Aurora Cannabis up over 60% to tangible book value levelACB along with other cannabis stocks are up this month on news that marijuana may be reduced down to a lower schedule level. News headline : "On Tuesday, August 29, the U.S. Department of Health and Human Services (HHS) in a historic move officially recommended cannabis' controlled substance classification be changed from Schedule I to Schedule III ". This was the catalyst that moved the cannabis stocks, including the other stock I cover GTBIF. Unlike GTBIF (green thumb industries), ACB is not positive cash flow and is only interesting because of its tangible book value from the balance sheet. Tangible book value is assets minus liabilities minus intangibles, so the more "hard" real assets. Up until last week, ACB was trading at around half its net tangible book value on the balance sheet. Because investors were pricing ACB as a wealth destroyer, they were discounting the value of the business to less than the net assets on the balance sheet. Well today things changed. The stock is up between 60-70% during live trading and even surpassed the net tangible book value, (shown on the chart as the yellow line). It is good habit to always check to see the net tangible book value of your stocks to see if its cheaper or more expensive than you think. Look for "Tangible book value per share" on your trading view platform, one of the great many features here on Trading View. Cheers.
NASDAQ:ACB
by ValuePig
8
📉 SELL #ACB TREND CONTINUATION 🥦Hello, traders! This chart has taken a beating as coming from a high of $150.00 to now currently it is at $0.53 per share. A decrease of 99% and it appears, it will continue. What we are currently looking at is a bearish channel, an indicator of consistent downtrend, and has broken out on the 1 hour time frame, signaling an intensification of the bearish trend. Now is the time to strategize. We need more confirmation before entering a short. When this flag breaks, I will be short #ACB and I will be taking profits at the main impulse fib extension 27.0 and 61.8. Manage your risk, follow your plan and document your results! :)
NASDAQ:ACBShort
by optimizedtrading
6
ACB Aurora Cannabis Long SetupOn the 4H chart ACB has dropped out of a head and shoulders pattern list winter with high volume into a downtrend with lower volume now into support / demand as shown by the Luxalgo indicator. The anchored VWAP is also trending downward with support at the minus 1 and minus 2 standard deviations. The volume profile shows the majority of the recent share exchanges have been at the $0.65 per share area. If price rises above that POC line of the profile, ACB will get the attention of new buyers while short sellers will begin to cover thus causing buying pressure and momentum. I will buy a sizeable quantity for perhaps $1-2K shares once price gets over that POC line. Prospective buyers will consider this to be a reversal confirmation. I will be one of them. The first target is the volume void at $0.79 or about 25% with the other target being one standard deviation above VWAP at about $.90. Stop loss will be set at $0.05 below the entry. For profit insurance I will hedge with a single put option contract at a strike of $0.70 with a 90-120 DTE to diminish risk at a minimal cost.
NASDAQ:ACBLong
by AwesomeAvani
Aurora: Floating 🌊Aurora is floating and relaxing in our turquoise zone between $1.19 and $0.55 and has drifted below the 61.80%-retracement at $0.95. Although the share could finish wave II in white anytime as it has sufficiently tapped the turquoise target zone, we rather expect Aurora to sink a bit deeper still to conclude the current movement. However, by the bottom of the turquoise zone, the share should establish the low of wave II in white and subsequently turn upwards, heading for the resistance at $2.15.
TSX:ACB
by MarketIntel
Aurora: Sleeping Beauty 👸It's time to activate our wake-up call to get Aurora back into motion, since we expect the course to rise up North, even though it is still creeping sideways momentarily. In our alternative scenario, there is a slight probability of 33% that the course could drop below the $1.14 support line instead. In this case, it would continue to move South until it reaches the low of the grey wave alt. II. Primarily, the stock should make the climb and fulfill the blue wave (iii) before dropping into a correction of the blue wave (iv). Once completed, the course should have gained momentum to be able to exceed the resistance line at $2.49 and wander further North in order to complete the pink wave .
TSX:ACB
by MarketIntel
Aurora Cannibis (ACB) Is the Bad Trip Over Yet ?Its hard to believe this stock has lost over 99% from its 2018 high. Early, mid and even recent cannabis adopters have been crushed. Was it hype, hubris or too much indulgence of the product ? Who knows . Ours is to find a profitable trading plan with the odds in our favour. There have been many points along the way to establish long positions, but like the product, they quickly wore off. (The most recent was this October.) I am suggesting another such situation exist here. The weight of evidence suggests a recent short term bottom and a long side opportunity. Harmonically the confluence of a Gartley, Cypher and ABCD patterns should signal at least a reversal. Additionally selling pressure may be abate once yearend tax loss selling is over. I have clearly marked a roadmap for entry, stop and target points. Additionally I need my or your momentum indicator to "roll up". Once in, manage the trade. I will follow up and advise of any action. Not investment advice, do your own due diligence. Peace S. p.s. Let the price re-challenge the $1.17 area for entry and ignore todays wide range.
NASDAQ:ACB
by Steve666