ACB 1M 82% Up and 77% DownAurora Cannabis, Inc. engages in the production, distribution, and sale of cannabis products. It also produces and sells indoor cultivation systems and hemp related food products. The firm operates through the Canadian Cannabis and International Cannabis segments. Aurora Cannabis was founded by Terry Booth and Steve Dobler on December 21, 2006 and is headquartered in Edmonton, Canada.
21P trade ideas
ACB ACB = Aurora Cannabis .. the two-year cycle is ready to start again .. The Graph has been very clear in the past, and not surprisingly by November 15th 2022 the US Department of State will be full of news, the plan now is in the hands of the Alliance is the great Trump .. Biden is an actor .. who plays the role of a Deep State who is exposed specifically to show the corruption and mass destruction he wanted to implement.
One of the strong moves that in my opinion we will review just like in 2018 -2019-2020 when Trump, said that Cannabis for pharmaceutical use was the only solution to an old and absoleta Masonic MALASANITY (ACB 100 $). To date I believe that with the mid-term elections we will understand many things .. but we await the reconfirmation of Cannabis as a pharmaceutical method and we will see if the return as indicated by me will reflect the above .. my IDEA is indicated ..
Happy trading everyone ... and AWAKE to understand what and why a PLAN -DEMIA has arrived..created specifically to wake us up ..
Bargain Hunting - OBV Divergence?This is just a thought here - although this appears to be a never-ending downtrend, I wonder if this on-balance volume divergence signals something. This shows that buyers are willing to step in here a bit more aggressively than the previous "bottom," as shown by higher OBV despite lower prices - even though OBV has declined overall since its peak. We're also seeing higher OBV in general since 2021, which could signify aggressive accumulation despite continued decline in value. This sort of behavior can be seen throughout the cannabis industry.
ACB is roughly 98-99% down from its all-time high. Not that it could ever get back up there, but I think at least a return to the $6-7 range is possible over the coming months. However, since the downtrend has technically not ended, there is still significant risk of continuation to the downside. Seems worth a speculative gamble though, as per my last stock analysis and being "strategic."
Overall, I'm only down 12% on stocks since I started investing slowly since last year. Not too bad, considering how far down big tech has tumbled. That's probably because I've stayed away from big tech, and been pretty careful about investing too much in weed stocks, at least until prices started to get obscenely low. I also managed to stabilize my portfolio by investing in Uranium ETF's, which helped a bit.
-Victor Cobra
Aurora Cannabis seems bottomedThere seems a strong opportunity in the stock for the following reasons :
The chart made a bottoming pattern.
The price failed to reach the support for The 3rd time.
The price broke above the down trend.
The price broke above the resistance.
The price is above the 30d MA.
Aurora Cannabis (NASDAQ: $ACB) Nearing All-Time Lows 🌿Aurora Cannabis Inc. produces, distributes, and sells cannabis and cannabis derivative products in Canada and internationally. It also engages in facility engineering and design, cannabis breeding, research, production, derivatives, product development, wholesale, and retail distribution activities. The company produces various strains of dried cannabis, cannabis oil and capsules, and topical kits for medical patients. It also sells vaporizers; consumable vaporizer accessories; and herb mills for using CanniMed herbal cannabis products, as well as grinders and vaporizer lockable containers. In addition, the company engages in the development of medical cannabis products at various stages of development, including oral, topical, edible, and inhalable products; and operation of CanvasRX, a network of cannabis counseling and outreach centers. Further, it provides patient counselling services; design and construction services; and cannabis analytical product testing services. The company's brand portfolio includes Aurora, Aurora Drift, San Rafael '71, Daily Special, AltaVie, MedReleaf, CanniMed, Whistler, Woodstock, and WMMC. Aurora Cannabis Inc. is headquartered in Edmonton, Canada.
Aurora Cannabis ACB (TSX) ... Dazed and confused !Aurora Cannabis (ACB) has managed to give up 99% of its value since its October 2018 high.
Certainly this is wealth destruction at its finest.
I can find no technical reason to jump in here other than its at the bottom of a channel (pitchfork) and has a gap that needs to be eventually filled.
(This is a TSX chart as they are open today).
For many this psychedelic dream has become a nightmare.
Would not I bottom fish here ?? .... no not on my dime(bag)!
Not investment advice... do your own due diligence and respect overall market trends.
If you have a any fundamental or technical reason to purchase please comment.
Have a sweet trip
S.
ACBThe last stage: Panic
Stage 3: Panic
As the bull quickly turns into a bear, investors may become desperate and start panicking. All traces of confidence are now gone and investors are now looking to minimize losses. Some spirits will be crushed entirely, leaving them to wonder if the market will recover at all.
Accumulating $ACB $11 calls for 9/16. Everytime I post longs on this stock I get a bunch of salty HODLERS that say they're done with this garbage stock. Earnings have been bad but with Cannabis on the verge of federal legalization and presidents handing out amnesty for cannabis convictions is a good sign for the future.
ACB ideaIts been a long time since I traded this stock .
I remember trading it back in 2018 - 2019 at its ATH on eToro .
On the weekly time frame it had a nice bounce around the $2.85 area . I would like to see the price passing through the $5 resistance area and turning into a support zone .
From the 4th quarter of 2019 the stock is in a downtrend , I remember back in the day they started reducing the number of employees and the number of warehouses , which was also a negative impact for the stock , but also the competition was growing strong and gaining market share . Some bad quarter results had for sure one of the greater impacts on the stock .
From price action perspective I believe the strongest resistance is around $10 and $25 .
I am sure someone could argue in that there are better stocks out there at the moment , but I still believe they can grown in the future .
Saying that I am keeping a neutral position for the time , I just wanted to share my idea for this stock .
ACB Short Squeeze! 70% short ratio! 👉Why $ACB short squeeze is the Next $gme $amc ACB has over 20 million short shares, and with daily short volume above 50% (yesterday was 70%❗) this means it's just the shorts trading with the shorts. (shorts are selling to another short that's covering⚠️) and with the stock near historic lows, it's due for a massive rip/ short squeeze up.
-Market cap is slightly above cash levels, so it's dirt cheap
-recent acquisition makes the company instantly positive ebidta
-breaking out of long term falling wedge
-near all time lows
-yahoo message boards full of short bashers (indicating lots of shorts to be squeezed)
Load up a few shares