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ACB

ACB back in buy zoneACB has reached a historical support of of $1.5 which was established after the run up at the end of 2016. This price is close to the 52-week low. There is also high buying interest at this level as shown in the VPVR indicator. The daily RSI and MACD seem to be reversing out of bearish territory. The price may go down a bit further. Placing a stop loss around $1.10 would be beneficial. Fundamentals: The revenue has been steadily increasing over the past few quarters as well as the earnings per share (EPS) which is finally positive. Note: This is not financial advise. Please do your own research.
ALong
by CryptoPaily
ACB goldgreenboiWork out where you want to buy and sell based on the info provided on the chart, make your own financial decisions . This is the treasure map . No X marks the spot however. Hint: Horizontal Lines are strong levels and solid targets. Trend Lines are not as reliable or as solid as Horizontal Lines. ACB Financials are growing exponentially, their sales and timing are impeccable with the markets. Canada legalised Cannabis on 17th October 2018. B uy the R umour, S ell the N ews. 1 May 2019 - Canada would introduce excise tax on all products containing THC, and introduce three new product classes for recreational sale: cannabis edibles, cannabis extracts, and cannabis topicals. NYSE:ACB TSX:ACB FWB:21P
FWB:21PLong
by Mt.BFX
Aurora Cannabis Bottomed - Mega Long Opportunity!Aurora Cannabis is one of the leaders in the new and emerging cannabis industry in Canada. They plan to stick around and I believe they will for a variety of reasons even though there is so much fear surrounding this industry at the moment. I'll elaborate further on this idea but for now let’s get to the TA. I’ve recently called LONG on this, but it has since taken another small leg down. Now the slope of downward price trajectory has slowed down and flattened, not completely but downward momentum has slowed down nonetheless, but trading volume has spiked. This speaks volumes to me, no pun intended. This shows me the possibility of a trend reversal occurring, and the bullish divergence on the RSI supports that idea as well. 
Now can the stock dip further? Sure, but I’m setting a stop loss underneath the support, mainly because we are on a major key long-term support line. If we break below this, it’s going to be ugly in my opinion. So why long? I view this as a low-risk high reward play for me considering what the technical indicators and current price level show me. I’m no fortune teller, I’m simply seeing a possible high-reward opportunity in front of me. Don’t forget there are a whole lot of people who FOMO’d into this industry at all-time-high prices and rode it all the way down. These are the same people spreading fear about the cannabis industry but the truth is this is when smart money buys. The Bottom Line: 9 months oversold on RSI, highest point reached being 60 and quickly dumped down back to oversold territory. Downtrend momentum has slowed down with breakout in volume Bullish divergence on RSI Price has already declined 88% from it’s all-time high. Buy the fear, sell the greed. This is not trading advice, just my own opinion and ideas. Excited to see how this plays out. Safe trading, cheers!
A
by thiluxan_s
4
Bull break for ACBWe have a bull break and a bullish confirmation. Indicators at sweet spots, though smaller time frames indicate a possible pull pack to retest $2, gather strength and break to the upside of the 50MA daily. It has been almost 10 months since ACB has been riding above its 50 day line. We have golden crosses on the EMA charts and the smaller moving averages, daily charts show increasing bull volume. Bulls now need to keep that volume pumping, and keep that price above $2. There is currently 17.03% short float, translating to 180M shares short. That would make one hell of a short squeeze, bleeding right into my pockets. Trade entered at $2.06 Stop just below $1.90 Larger time frames show good underlying strength, and recent consolidation has packed a lot of energy. If bulls manage to release this energy to the upside, the bears will finally be bleeding money back into our pockets. It is my honest believe that now is the time to go LONG ACB. We only need to be very carefull when CGC releases its likely disastrous earnings this month. Fear is still our biggest foe, and we need very little of it to see it rain on the parade. Short and longer term targets marked on chart. Yalla! Let's go!
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by Barkworth
9
ACB Bearish Descending TriangleI see many idea's for this stock in the past few days, telling us to buy ACB . Though I do believe this stock has a very good upside, the current setup is not bullish at all. I am also getting messages from friends, telling me to look at the all time FIB chart and draw them correctly. As much as I appreciate that, I want to remind everybody that succesfull traders look at the right side of the chart only. We are currently looking at a descending triangle on decreasing volume. Descending triangles can form as a reversal pattern at the end of an uptrend, but they are generally seen as bearish continuation patterns. Traders watch for a move below the lower support line because it suggests that the downward momentum is building and a breakdown is imminent. Once the breakdown occurs, traders enter into short positions and aggressively help push the price of the asset lower. Currently, there is a 17% short interest in ACB, with over 170M shares short. The average short ratio is just 4%. The next support down is around $1.80... Speculate to accumulate!
A
by Barkworth
2
Potential Relief Rally to $8-9 upcoming? Price action in the MJ Sector are known for their extremely quick movements and the euphoria is short lived as retail traders take their profits. A quick and massive short squeeze plus hype from overall market sentiment is what it will take for this movement (Since much of the traders of ACB are retail traders). Historically it has done exactly just that. Waiting to see if the next 2W candle (Ending January 31, 2020) creates a higher high above $3.02 and closes above $2.92 with strong volume. A close above 2.92 will form a bullish hammer on ACB's monthly chart, further solidifying this trend change. Note: Historical price action between $4-5 moves quickly as there is little support/resistance developed in this zone. Strong buying pressure that lasts until $4 will leave many shorts who entered from mid November to now in the red, which may potentially cause a short squeeze into the neckline of the monthly Head and Shoulders (Around $6). A short squeeze that causes an artificial increase in price will further drive in retail investors to buy more from this hype, and perhaps lead to another short lived Bull Market as we have seen occurred thrice before.
TSX:ACBLong
by Cuyut1031
5
Reasons to buy Aurora Cannabis ACB stockIt’s been a rough year for cannabis stocks and even though Aurora Cannabis (NYSE: ACB) is one of the most notable companies in the Cannabis sector, it had its fair share of struggles in year 2019. The stock has been dropping strongly for many months since April 2019. Following that yearlong downtrend, here are a few reasons to consider buying Aurora’s stock in 2020 based. Remember we only trade supply and demand imbalances, we are not interested in fundamentals for this particular cannabis stock. We don’t care if the company could bring in a new CEO to negotiate a deal to bring consumer packaged goods to the company and bring greater financial discipline to the company. We could start adding fundamental analysis and why Aurora Cannabis hasn’t done very well last year. Who cares about all that? What we should care is about the super strong monthly demand imbalance that price has reaches after months of continuous devaluation of the stock. As supply and demand traders we should only be interested in trading strong imbalances, price levels where the underlying asset is out of balance. See Aurora Cannabis ACB stock monthly timeframe supply and demand analysis underneath. We can see a very strong monthly demand level around $2.15 per share. It’s a very strong impulse that provides us with a lot margin for price if price reacts to that imbalance as expected.
ALong
by AlfonsoMoreno
5
ACB not looking bullishHealthy consolidation after a substantial bounce. Underlying weakness still. Bulls will have to sustain volume to keep her over $2. I don't think that is a likely scenerio. If the bears take over again, we'll see a retest of $1.90 and possibly the lower levels. Earnings due in March. I don't think we can expect anything in terms of news from ACB for now. Though this is one of my favourite companies in the industry, I think we're looking at more downside ahead...
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by Barkworth
7
Aurora Cannabis (ACB) Entering the kill box for shorts After what seems like a never ending cascade ACB and many other MJ sector names are entering major support zones for accumulation. This is where I am looking to enter positions for maximum Risk/Reward. Calculated entries are laddered at daily gap zones inside of this box with half of a position and another half is waiting to be deployed on a move up & out of this zone. Patience is key as there will need to be a new base formed or an explosive volume based bounce.
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by Cryptic_Insight
2
MJ volume not high enough...Cannabis stocks have been gaining from the start of this week. Technical analysis RSI has been trending upward, but OBV has not, creating a bearish divergence. /Bearish We saw the same three candlesticks ending on November 21st, 2019, leading to a strong pullback. (Red circle drawn in chart). /Bearish Fundamental analysis Since May 2019, cannabis stocks have been shorted creating a downturn for the whole sector. Many of the biggest companies are undervalued. But stocks can stay undervalued longer than we can accept our losses. ----- Keeping on a close watchlist.
AMEX:MJ
by dorfmanmaster
is 2020 going to be the year for marijuana stocks?Welcome fellow tradingviewers, Cannabis stocks have been getting hit from all of the place since the big hype. We have seen a real though Bear market for the last year or so. So is 2020 going to be the year for cannabis stocks ? Let's find out: I was writing this analyses when we just closed the weekly at 1.62 and decided to wait it out for a bit and I am glad i did to find my perfect entry. Monthly: On the monthly we can clearly see that we have just tapped the pre bullrun support zone and are currently bouncing up from it. Weekly: We are starting to see some form of pushthrough, will be exciting to see if this week is going to close as a bullish engulfing candle. If it does it will predict more upside momentum. There is little to no resistance all the way to 4 dollars per share. The support zone was located from 1.50 to 1.65 where we located our buy orders. Daily: We are starting to form a small inverse head and shoulders with the neckline around 2.25. If we can breakout of this pattern then we should be ready to test the upper resistance zone on the daily located at 2.50-2.70 In summary: A lot can happen this year, but we now that the cannabis stocks are currently in oversold territorium and might have just finished the capitulation fase. If we manage to break the 2.50-2.70 area, we can have a relief rally to 4-6 dollars per share before thinking about higher grounds. I hope you guys enjoyed this analyses, if you did don't forget to leave a Like ! If you want to share your thoughts, please do so in the comments below! Kind regards, Forallcrypto
ALong
by ForAllCrypto
ACB – High Probability Bearish EntryTrade Entry Before Earnings - Feb. 7 Expiry. Call Credit Spread. 1/3 Strikes. Credit of $0.75. Risk $125. Reward $75 After Earnings - Feb. 14 Expiry. Call Credit Spread. 1/3 Strikes. Credit of $0.87. Risk $125. Reward $87 Either strategy POP – 85.5% While the Risk/Reward is not 1:1 or better (as preferred), sometimes these higher probability trades means giving more risk for higher probability of success. I will place an order for this trade Monday. I will update if trade is entered (filled). Chart Details Recently filled gap, but Bearish trend is not finished. My opinion – Downtrend in control means lower gaps filled unless white trendline broken. Stop at $2. Gap to fill at $0.34 may not get filled, but price should head towards $0.90 gap fill. Under $1 for long enough and de-listing may cause FOMO causing price to head back up towards $3.50 gap. Bearish entry until downtrend is broken or gaps are filled. About Me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Website will be ready for launch mid-January 2020. Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, MCD Bullish
AShort
by MoneyPatterns
8