ACB a MJ small cap set up LONG
Aurora Cannabis on a 15 minute chart is sitting on the dynamic support of the second lower
VWAP band in deep undervalued territory also below the high volume area of the immediate
volume profile anchored back to April 11th. The Trend indicator shows bearish momentum has
bottomed. The dual time fram RSI indicator shows RS values in the low 40s. ACB did have some
bullish volume spikes throughout the previous session. Next weekend, is National MJ Day and
a bit celebratory for stocks in this subsector. The backdrop of legalization in Germany and the
ballot initiative in Florida both have relevance and importance. Vice President Harris is pushing
the legalization as an incumbent seeking to be re-elected. All of this helps in ACB's
fundamentals and projects for future growth.
I see an upside of 15% to the recent high pivot and potentially beyond that.
VWAP band in deep undervalued territory also below the high volume area of the immediate
volume profile anchored back to April 11th. The Trend indicator shows bearish momentum has
bottomed. The dual time fram RSI indicator shows RS values in the low 40s. ACB did have some
bullish volume spikes throughout the previous session. Next weekend, is National MJ Day and
a bit celebratory for stocks in this subsector. The backdrop of legalization in Germany and the
ballot initiative in Florida both have relevance and importance. Vice President Harris is pushing
the legalization as an incumbent seeking to be re-elected. All of this helps in ACB's
fundamentals and projects for future growth.
I see an upside of 15% to the recent high pivot and potentially beyond that.
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