4 hr chart shows critical level at $10.65There is a fierce battle between bulls and bears on the markets and on Canada's market mover. Aurora Cannabis. On short term trading, if bears are able to bring ACB sub $10.65 on a 4 hour candle, they might regain control. Interesting stock to try to chart.by UnknownUnicorn2413721Published 220
Resistance Levels if market downtrends continue.The overall markets are quite murky these days. With the VIX are very high levels, both bulls and bears need to watch the larger market indicators such as $SPX, $INDU and $TSX before considering risking capital in the markets. Whether long or short. Assuming the downtrend continuing this week, here are some of the resistance levels based on previous highs and lows.by UnknownUnicorn2413721Published 2
ACB Analysis - One More Corrective WaveObservations ABC correction was thought to be completed, which would lead to the start of the next impulse wave However we are now likely headed for further correction (i.e. form ABCDE correction) based on the current momentum If we break 12.55 with strong conviction (i.e. significant volume) then I do not see this as the impulse wave Disclaimer For informational purposes only and not deemed as financial advice. by modernpicassoUpdated 442
ACB updateSo were completing the correction waves here. Still making nice fib bounces with today's confirmation candle. It looks like were headed for the final bottom here shortly, within the next week id say. If this happens it will shake all the weak hands that bought around 12-14$ and well get a nice bounce at 24% or 32% fib are my two buying targets (7.4$ and 5.6% cad). Well see for sell targets if these buy targets even get filled in this long setup.Longby MysteriousPersianPublished 7
ACB perfect fib bounces (speculative bubble market)As I mention in a lot of my posts, Fibonacci ratios are great for speculative and volatile markets. ACB doing the same things as WEED (more or less). From the top a retrace to 38% from the top (scary accurate) at $7.2 and looking to retrace the correction (second fib chart on the right) in correction waves anywhere around 38% (10.2) (reached already) and 62% (12.20) Target reached today, from here I believe the second correction will bring it back to around 7 or lower, mirroring slightly what is happening to WEED. Ill be picking these stocks up nice and low before legalization.by MysteriousPersianPublished 5
Rebuy levels hit before estimated time Got to add to long position at 4,84. awaiting further progress. Longby Trade618ProPublished 1
Potential upward movement after classic Elliot 5, and ABC waveAfter a good run on cannabis stocks I think we have a classic 2nd Elliot wave 5, followed by an ABC correctional wave. Let's see if we can get some upward momentum again from here. Let me know what you think!by brunskovicPublished 5
ACB: Price TargetI have a $15 price target set for ACB and believe that extremely long term it can pass a $25 mark and potentially a $30 mark by the end of this year. The medical Cannabis industry for psychological, physiological, or physical reasons have been growing in prescribed use. Also the market demand for HEMP is seemingly increasing in certain areas of Canada and even certain places throughout the United States for the use of it.Longby gamer456148Published 1
Aurora , High in the sky.ACB is likely going to acquire CMED & HIP , and become the largest LP in the world. For what ever reason, i feel like ACB will just keep on climbing. Many new investors just entering the sector now. Let the bidding wars continue in this speculation driven market. Longby JohnGalt777Updated 8810
ACB - Ascending Trianglenow the big boy in town, will likely continue to outperform.Longby mcostiganePublished 5
Ascending triangle for ACB?I am a complete amateur so don't trust me :D Think I'm gonna wait for a pullback to around $12 before dropping more into TSX:ACB . With the CMED takeover, TSX:ACB is now the most valuable weed firm in the world (and a hometown Vancouver company, to boot). I like TSX:ACB 's international investments in the Netherlands, US, and Italy, plus with Canadian federal legalization on the docket for July of this year, I'm definitely holding until at least then! Wish me luckLongby filmajPublished 3
This marijuana stock will keep losing money I like cannabis stocks, have been bullish on the sector for the last year. I don't think 2018 will be any different. However i don't like the company aurora cannabis from a fundamental point of view. The company has not been able to turn a profit, the massive run up in stockprice is based on future expectations. If the company is now not able to turn a profit, how will they be in the future when margins only will erode over time? Management is incompetent, the last Cannimed deal shows how irresponsibly they allocate capital. It would not surprise me to see this stock drop -50% over the next year. Be warned. Shortby NielsagaertUpdated 775
AURORA CANNABIS #HIGH Potential"High" Potential is what i said to myself about 21 months ago and indeed it has proved to be a very good investment. Entered at 0,95 and will obviously hold but there is a chance that starting around march there will be some opportunities to add to my position.Longby Trade618ProPublished 2
ACB in its last correction wave releasing good newsACB looking like its completing one last correction wave before stabilizing somewhere in the $9-$11 region. That being said they have just released great news so this could interrupt the last correction and continue on its bullrun but i find this unlikely. All in all, don't try and fight the bull market. Cannabis is exploding right now and you'd best hold this one, it still has much more room to grow. That being said, a short around soon to be 13$ could be possible since id like to see it consolidate around 11$ before taking off again. by MysteriousPersianPublished 3
ACB AnalysisHave a strong belief that this stock is going down to at least the key level of 11.525. 11.525 will provide a great level of support, conveniently this is also where the 38.2% fib retracement is lands. Also notice the purple moving average line, after previous runups the stock tends to like to touch this line before it will go anywhere again. Take a look at the GANN fans and they will also lead you to this exact key level. We may expect a slow downward consolidation for the next week or so, at this point the price will be on the key level/fib/ and ma will have moved up to there by then. If you take a human behavioural look at the stock, the bigger plays had been dumping heavily into the most recent run, this can be seen on an indicator such as the MFI. There has been a mad influx of new investors, most of whom have never even placed a trade before. These investors will begin getting anxious after watching their friends make huge gains and slowly begin to dump at a small loss. Many articles are going to start being released regarding the insane valuations, and I would not be surprised if the gov't didn't throw a wrench in some of their plans and tax expectations. Keep a keen eye on different stock forums, twitter, twits, etc. You may see a shift in the overall optimism of the market, the human element is going to be the most crucial part of trading a stock like this. If you are planning on opening up a short or put position, the volume is going to be your best indicator. You will want a low volume level for the run down, if you see a big down bar this may signal a bottom before the next run up. Best of luck whether you're long or short on this. This was just a quick writeup, about 10% of my total analysis on this. I may add more later or at another date. Shortby koplesUpdated 225
My first prediction, on a favourite industry: marijuanaI can't really back any of this up. I have no idea what I'm doing. ACB set to open a massive facility in April via finance.yahoo.com so I'm going long on this one.by filmajPublished 112
ACB Aurora Cannabis Correction IdeaHey, Novice trader here learning Elliot Wave with Fib. Just seeing if anyone else can see similar count or if I'm way off. This could be the start of a 3 major wave with this being the first sub wave or I could be wrong. Let me know what you think. Thanks! by AdvinPublished 223
ACB: Trade Potential (if we can catch it) Unfortunately I'm a little late to this party, but there may be a little juice left. Also Important Note: I'm being very cautious because there is the possibility of a sell the news event at the first of the year. It seems that the expected good news is already being priced in.Longby charlie12Updated 112