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ACB Bullish Divergence| Trend Still Bearish Hello Traders! Today’s chart update will be from the Canadian MJ sector – ACB which has recently had a bull reaction from local lows. Will ACB have enough momentum to break key levels? Points to consider, - Trend Bearish – consecutive lower highs - Local resistance to break (.382 Fibonacci level) - Stochastics in lower regions - RSI coming close to apex - EMA’s holding as resistance - Volume has increased ACB’s overall trend has been bearish with consecutive lower highs in place; a market structure with higher lows is required to shift momentum for a bullish bias. Local resistance for ACB is key to break; this will confirm the trend change as it will put in a new higher low, the bullish divergence suggests that the temporary low has been priced in. The stochastics is in lower regions, can stay here for an extended period of time, however lots of stored momentum to the upside. The RSI is coming close to its apex; a break is imminent in either direction. EMA’s are holding price as resistance, ACB could potentially be putting in another lower high, continuing the bear trend. Volume has however increased; ACB must sustain volume for follow through otherwise bears have an upper hand. Overall, in my opinion, ACB needs to break EMA’s and key local resistance to confirm a trend change. For this to come to fruition, ACB needs sustained bull volume follow through. What are your thoughts? Please leave a like and comment And remember, It does not matter how slowly you go as long as you do not stop.”Confucius
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by AzizKhanZamani
Aurora Cannabis (NYSE: ACB) The Mother of all contrarian tradesAurora Cannabis has been on a downward spiral driven by a combination of multiple factors including Cannabis 2.0 slow roll out in Canadian provinces, amounting debt, recent Bond conversion and further dilution of existing shareholders, departing executives and a market glut of oversupply. Well, basically all things that could go wrong have gone wrong for Aurora, making it a clear "Sell" case; that is if you own the stock, ha!!... For those investors waiting on the sidelines, this could be a great entry point for the stock. Aurora just relesaed today a corporate update outlining long term strategy growth plans. The report can be accessed here: www.prnewswire.com Whats next? Aurora is the only major cannabis player that has not inked a deal with a major player in the CPG space, others like Canopy Growth and Tilray have inked deals that are already priced into the stock, raising additional capital and giving investors relief. Nonetheless, Aurora has not only sufficient assets (excluding goodwill) to weather the coming months and gain strength as global sales resumes, the Canadian market opens up and further developments in the US unfold in 2020. In addition, ACB just bought a Hemp company that will allow them to enter the CBD US market. In summary, this could be an interesting time to take a position in ACB and increase gradually as events unfold with significant upside as the stock bottoms. One analyst is giving it a price target of $0, but in my own view, when I hear such unrealistic opinions like this, most often coincides with bear markets coming to a bottom and about to turn making this a High Risk, High Reward trade and could be, the mother of all contrarian trades as we close 2019 and enter into the new year. Do not take this as an investment advice and always do your own research before investing... always remember to place tight stops and risk manage every step of the way!!
ALong
by DNI_VENTURES
10
NYSE: ACB - Aurora Cannabis ShortSqueeze Coming!I have recently shared my views on NYSE: ACB Aurora Cannabis, now I wanted to comment on the latest price target of $0 and "Sell" rating from analyst Gordon Johnson from GLJ Research ... I let you make your own judgement, but this is the guy that called for a price target of $109 on Tesla when it was trading at $244.10 back in May 2,2018 .. that was a 64% downfall from the current price at the time!! ... similar to the aggressive price target of $0 he recently gave Aurora Cannabis!! ... Well you know the story on Tesla, as of this morning it was trading at $430!! far from the $109 price target he gave back then ... WATCH HIS INTERVIEW HERE: www.youtube.com As it relates to Aurora, heres some interesting data points as it relates to Short Positions... they have decreased by 10% and % of short float now sits at 15%... Short Interest Ratio (Days To Cover) 6.3 Short Percent of Float 15.44 % Short % Increase / Decrease -10 % Short Interest (Shares Short) 155,950,000 Short Interest (Shares Short) - Prior 172,900,000
ALong
by DNI_VENTURES
6
Is the bounce completed? Are bulls ready to overpower bears?Well, watching the shorter 1m, 5m and 15 min charts, I need to take profits off the table back to neutral until the bulls really show up. Bounce players would not be overly convinced here until new short term resistance at 3.03 and $3.07-$3.08 is broken. We have short term support at $2.82. I fear that on any sector or market weakness, the bears will pie drive this down to the low $2s based on the two Bear Flags and Pennant seen this week.
TSX:ACB
by UnknownUnicorn2413721
Here 'l'll Let You in on a Little Secret:It's Called Gun and RunThat's what happened. Market makers pump up the share price in the premarket or in the after hours, then short it at artificially inflated prices to everybody in the morning. Think of it like an investment. You buy $2 million worth of stock for, let's say $25.00, then sell $20 million worth of stock for $26; then you cover when the price tanks in the morning. Of course nothing is guaranteed and it could go wrong, but the risk reward is very strong Those figures could be an exaggeration because I've never done it before and nor am I a market maker, but you get the jist. Nobody knows that by the way. Just letting you know. I found that out by pure chance, and maybe by the grace of god.
NASDAQ:AMRN
by InteractiveSwingTrading
1
ACB Brutal Downtrend | Key Support Level Hello Traders! Today’s chart update will be on ACB – Aurora Cannabis INC, which has been in full control by the bears, currently it is testing a key support level that must hold… Points to consider, - Strong downtrend - Major structural support being tested - Local resistance at $3.50 region - Stochastics projected up - RSI close to testing resistance - EMA’s giving price resistance - Visible increase in volume The trend has been bearish with consecutive lower higher in place, there are no clear signs of this changing as of yet. ACB is currently testing a major support level that must hold as this is the last hope for the bulls from a technical aspect. Local resistance is found at $3.50 mark, this is the first level that bulls need to break when trend change is confirmed. Stochastics is projected up with lots of stored momentum; however it can stay in lower regions for an extended period of time. The EMA’s have been giving ACB resistance in this downtrend, a cross bullish will help break resistance levels. There has been a visible increase in bull volume; ACB needs to sustain this with follow through to help change the overall trend. In my opinion, ACB is still in a strong bear trend; price needs to mature at current support level to determine if a trend change is even probable. ACB needs to sustain bull volume to put in a new higher low market structure… What are your thoughts? Please leave a like and comment, And remember, “The market is a device for transferring money from the impatient to the patient.”- Warren Buffet ***Please follow me on twitter for daily updates on fundamental news in the MJ and Crypto Speace ! :) Twitter handle in profile link
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by AzizKhanZamani
2
The Casino Gulag ModelShould we expect any less at this point. The federal reserve has pumped $3 Trillion dollars into the financial system on a cumulative basis since they announced they were essentially going to nationalize the repo market; we have have a President that goes on Twitter and 'Tweets' with the sole purpose of manipulating the stock market; we have Artificial Intelligence that can block people from spreading divisive messages that are critical of the established mainstream media narrative; we have Bloomberg News, arguably a public utility in the world of finance, openly admitting that they are not going to do any investigative reporting on Democrats; we have prisoners convicted of not only molesting children, but also pimping them out, suddenly "committing suicide" while on suicide watch; and the big 4 banks, who control 39% of total banking deposits in America -- the largest most powerful military empire in human history -- are allowed to engage in speculative trading activity with the insurance of not only the FDIC, but the federal reserve, an institution controlled and majority owned by these very same banks So why should we be surprised by this lol. This is what happens in Kleptocracy's; corruption so egregious that it almost seems absurd, just like that "chart pattern"
S
by InteractiveSwingTrading
CGC $12-$13 BottomBeen calling $12.5 for a couple weeks now, and a few things making this setup perfect. 1. It's reaching this level in extreme oversold conditions 2. Overall market on fire at ATH rn. 3. Santi Claus is coming? Looking for a really nice monthly bounce. Below are my targets, and whether or not I take profit at 1 or 2 depends on how we get there. Target 1 = .382 Fib of the drop from ATH ~ $23 Target 2 = .5 Fib of the drop from ATH ~ $27 Target 3 = .618 Fib of the drop from ATH (Main Target) ~$33 Risk: Will be scaling into OTM APR options to maximize my R/R, and taking on 100% risk, as I am confident we WILL get a bounce at some point soon because of how extended we are. Wheter it's $13, $12.5, or even $10 it doesn't really matter, I'll just have to lower my targets. GL to all my MJ bulls. Better days ahead. -ill
CLong
by derelict_dalmatian