Long
Aurora Cannabis about to BOUNCE 30% !!! GREAT SWING TRADE SETUP
NYSE:ACB
Aurora Cannabis has a strong chance of a bounce back based on multiple factors:
1. Falling wedge (bullish pattern)
2. Strong support in $9.50 area
3. D1, H4, H1 oscillators in the oversold area.
Based on those factors it is a good setup for a long position with:
entry at: $9.70
TP: $13.22 (which is a level near 200 EMA)
SL: $8.86
Risk/Reward ratio: 1:4.25
Aurora Cannabis has a strong chance of a bounce back based on multiple factors:
1. Falling wedge (bullish pattern)
2. Strong support in $9.50 area
3. D1, H4, H1 oscillators in the oversold area.
Based on those factors it is a good setup for a long position with:
entry at: $9.70
TP: $13.22 (which is a level near 200 EMA)
SL: $8.86
Risk/Reward ratio: 1:4.25
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.