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AURORA CANNABISAURORA CANNABISAURORA CANNABIS

AURORA CANNABIS

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21P trade ideas

Acb Got to st the volatility is real. It love to trap people up above 9-10$ and up. People Don’t want to buy this at 4$ but love to get bullish at 13-18$ Don’t be a pig and get slaughtered. Buy this lower channel and swing it up. I did I last time in the 3s got rewarded huge. Her we are god gave another gift Channel is from 3.50s - 14$. And we hav now had 2 wicks prior to 19.80s. This could be a great swing to hop on and stop it below 3$. 1$ risk 12$ reward at least
NASDAQ:ACBLong
by Erictaylor
A C BThis is a setup I have been watching for quite some time now. If you blink at the wrong time, you'll quickly realize why. To me, ACB looks to be in a gigantic inverted head and shoulders pattern, with the right shoulder being close to completing. (Assuming the 5-3-5 pattern shown on my recent TLRY idea is correct, anyway.) The accumulation phase for the right shoulder has been in progress for over 7 months. This is a *very* big right shoulder. To give you an idea of how explosive this move for ACB could be, let's take a look at something I personally experienced: Bitcoin! At the beginning of 2019, Bitcoin formed an inverted head and shoulders pattern. -The left shoulder took approximately 3 weeks. -The head took approximately 1.5 months. -The right shoulder took 37 days. For Bitcoin, that is a very long time. Clearly, the right shoulder was extended for accumulation purposes. Bitcoin went on to have a serious parabolic move from $4k to almost $14k after that pattern completed. Since I began my painful journey in trading/investing, I have only seen less than a handful of right shoulders extended like this. In ACB, we are staring at a right shoulder that has taken over 400% more time for accumulation than the one in Bitcoin did. Imagine... The neckline for this pattern resides at around $19. Considering that fact, traditional TA suggests two measured targets for this move. If we measure just dollar amount, we get a target of $33.88. If we measure percentage amount, we get a whopping $89.82. This move may take some time to materialize and there is a strong chance there is still downwards momentum yet to come considering trend line resistances in both price and RSI. The micro picture suggests however that this may be the very very beginning of this move materializing. WHEN the right shoulder is complete, expect a very high volume and extreme move price-wise to the upside. This move will likely come with strong bullish news.
NASDAQ:ACBLong
by UnknownUnicorn5836947
4
Acb I was looking deeper into Acb as I got stopped out of my trade i entered at 7.66$. I was expecting a back test of 7.57 range but we fell right through. So I dove deeper and came up worh a monthly pattern. Now we seem to have a HUGe symetrical triangle with little time left in this The target of this is 21$. As we can see the downtrsndinf reistance has held us down so much even during the run to 20$ we couldn’t close above. At this time that resiatnce is around 9$ which means breaking and closing a weekly body above 9$ and opening a powerful candle with volume can be an amazinf of trade Lower symetrical uppprt is 6.15 so stops below 6$ or just watch we don’t break and close below. I’m still bullish but anything can happen. I did add some postion around 7.08$ to test this idea with stoploss at 5.99 Good luck ! Remeber nothing is gaurenteed in trading
NASDAQ:ACBLong
by Erictaylor
2
#ACB Target :$10.42-11.78-12.46 Resistance 2 : CAD 12.46 Resistance 1 : CAD 11.78 When Break the Level $10.42 Support Level 1 : CAD 8.99 Support Level 2 : CAD 8.56 (possible Start) Support Level 3 : CAD 8.16 **Disclaimer - This is not a financial advice, please trade with caution and on your own risk. This prediction Based on My Dreams. Do not view this idea as a recommendation for trading or investing. Risk Only What You Can Afford. Always Use a Stop Loss. Past performance is not necessarily a guide to future performance. I would appreciate your feedback on my analysis. Cheers
TSX:ACBLong
by KAPRUKA
ACB potential wave 3 up?Elliott wave counts can be very subjective with some people's counts being completely different. I have two potential counts set up for ACB. My count I'm leaning more towards is the GREEN count. Following the Green EW count, we see the price come just about to the pink weekly resistance line. In EW theory, wave 3 is the strongest move and known for the "gap up" movements. These gap ups generally occur to break through a resistance line. This makes since and would follow that the pice movement up to weekly resistance would be wave 1 and we are currently in a wave 2 pull back, potentially setting up for a nice wave 3 movement up to break through the weekly bearish resistance line. The green wave 3 projection coincides very well with the weekly Supply zone, potentially indicating where a pull back could occur for green wave 4. As I said, there are always different counts; or "Alt Counts." The yellow count is just that and also has supporting indications. In favor of the yellow count is the potential of a back to back .618 retraces, which a lot of EW traders like to find and make decisions of entry points from. We can see a yellow wave 2 retrace to .618, meaning we are in yellow wave 3. There has to be 5 waves to make up yellow wave 3, which, this pullback could indicate we are in a smaller degree wave 2 retrace that is just hovering above a .618 retrace that comprises the overall yellow wave 3 movement. End of day, if going off these counts, both support a movement upward in my opinion.
NASDAQ:ACBLong
by PT_Marche