Short positionWill be go down until 10.78 if break a support then will be fall to 9.37,then will be jump.
(it's just my idea, maybe fail maybe success, please check then trade with your own risk!)
ACB
SNDL LONG - Looking for a bottom, starting accumulation at .56I've been watching SNDL and some other cannabis plays, ACB, TLRY, and CGC.
I like this company as it's debt free and looking toward future growth.
Starting to accumulate at .$55 and looking at 20-30% gain from these levels in the next two weeks.
$acb dailyBacktest of triangle breakout. 2 higher lows. Sitting on POC/Volume shelf. Looking to add the 1/29 11c and 2/5 12c.
ACB Possible Long OpportunityPossible long entry here.
Critical Support level at the .618, historically a great and proven buy/sell level with this particular stock.
A daily candle close above $13.54 would be an even stronger indication of strength.
A move up will help complete the golden cross for further confirmation.
Aurora Cannabis Inc. Accurate ForecastTwo Bearish situations exist. As for now the pattern is complete and the drop can happen right away, but sometimes it may want to make a higher high before the drop. I have seen the possibility in this pattern. As it develops I will keep updating this chart. Comment, like follow for more accurate ideas. Thank you.
the road for 20$This year is the year of the cannabis!
The bottom from the road to 20$ was here...!
They bought all the offerings shares on friday as I made also..
You buy and hold for a year
SNDL and ACB approaching Golden CrossMerger Outlook in my eyes - SNDL and ACB are both approaching Golden Crosses on the daily timeframe (50 MA and 200 MA). The Motley fool just publush an article about SNDL and a possible merger. None of the other Cannabis company are approaching this same technical pattern, leading me to the possibility that SNDL and ACB may be merger soon. Please do your homework, this is not investing advice, just an observation.
Best trading to everyone :)
Mr. West Daily notes Report no. 8Trending up: ABNB, ACB, AESE, BOTZ, CRON, CSX, DASH, DENN, HERO, JBLU, JETS, MVIS, NCLH, NKLA, NNDM, PBI, PRCH, REKR, UA, UNP,
Trending down: CAN,
Consolidating: GE, HVBTF, MICT, NIO, ROKT, ZNGA
Today's notes will reflect the number of up trending stocks that are on the List. These particular companies and ETFs have been showing growth over the past month.
Many of them are tech based, industrial based and consumer based. 20 out of 28 stocks are trending up for the month of January. Pitney Bowes (PBI) has shown signs of growth due to their expansions in the postal service. Door Dash (DASH) has also grown since its debut in the stock market and its number of ghost kitchens appearing more in the U.S.
Two companies in particular has also shown some great improvements in it's sector are Aurora (ACB) and Cronos (CRON). Based on the cannabis market and the conversation of marijuana being legal on a federal level speaks growth for the weed market.
The number one company on the trending up list based on percentage growth for the month of January is Aurora (ACB). It has shown great growth for this month. From January 1 it has grown over 40 percent. However, based on their financial reports, they maybe valued as over bought.
Aurora Cannabis: Wyckoff Accumulation PatternAurora Cannabis(ACB) has formed a Wyckoff Accumulation Pattern and is currently in the ‘build up’ cycle of Phase D aftering having successfully created a ‘spring’, a ‘test’ of the spring and a ‘last point of support’. Price is currently testing the top ‘support line’ which is currently acting as resistance and stems from the ‘automatic rally’ seen back in March of 2020.
The expected move going forward for price to continue pushing higher in the ‘build up’ and eventually push on up toward the lower resistance line near $20/share. The blue line shows the projected path for price.
[TLRY/APHA] Get in Sub-21 Before PRICE Goes Up Like SMOKE! B)-~APHA was my #1 Cannabis play going into this year based on the fundamentals and it's held up very well, still my #1 long term pick today (along with tangential Cannabis play IIPR).
That was followed by CGC and ACB with TLRY coming in at #4. Now with my #1 and and #4 plays merging and largely rounding out their strengths and weaknesses, it is an even stronger #1 by a factor of 1, maybe 2 over each CGC and ACB.
Amazingly, TLRY is still dirt cheap sitting at 3% of it's $300 peak a year ago lol.
Price is even UNDER its IPO and BELOW its Value Channel here (magenta). Seems impossible it goes under $2 now so max temporary downside is very constrained.
TLRY now the Best Value Cannabis Stock out there supplanting long reigning champ OGI, which is my #5 play overall but quite underpriced ATM relative to the market.
I'm lookin to scale in most my position before $21 and watching it float up like smoke!
ACB about to rocket upACB, another potstock, has a powerful 1-2-i-ii set up. In Elliot Wave terms, that's a rocket. It's an impulse within an impulse, so goes with the sentiment on pot stocks (very bullish). The red wave is the first impulse, with a green wave being the wave 3 of the red wave. Great buy here, with great risk reward. Green fibs target 20 to 23, then a retrace and finally 37 to 56. That would end green, and end the Red wave 3. Red goes on to 100.
Aurora Cannabis - Mother of all Squeezes (100%+ upside)ACB about to go parabolic. Similar to Tilray, golden cross about to form between 20 and 200 day moving averages.
The last impulse rallied just shy of 250%, or $10 usd.. With the blue wave on our backs, we should easily see the same impulse of $10 which brings us to $22. There's a gap looking to be filled between $20-$24.
This stock is a Robinhooder's dream. Target price set to $24.
If the rally in the MJ sector continues, we could easily see $26, $31, or $46 in days.
KEEPING IT SIMPLE $SNDL POSED FOR 135% UPSIDE.Check out my previous analysis on TLRY, same idea. More legalization talks around cannabis this year with Democratic majorities in the U.S government. Potential buyout here as well.
ACB: 1 Week Analysis Hints at Strong Upside PotentialHello All.
Aurora Cannabis is starting to catch eyes of many. After a major year in 2017, ACB has had a rough last couple years with the price falling as much as -97%.
The charts are showing the blood is behind us and blue skies ahead for the cannabis industry in the upcoming years.
With the recent election of Joe Biden, the house and senate are now both democrat. They have the ability to easily push through any bill decriminalizing cannabis. With more decriminalizations throughout the USA. This is a positive push for cannabis stocks all around.
More legalizations, more users, more profits for companies like ACB and TLRY. In addition, the supply of cannabis products has been declining the last few years. Higher demand means higher supply is needed. If higher supply is needed, production is going to have to ramp up.
Now on to the technical side.
Just by looking at the last 2 years, we can see by using candlestick analysis, the price action has been curving around forming an obvious bottom.
In the recent months, ACB has came off its lows starting to revive back into its big volume/liquidity zone around $10-$20.
The price action has been forming a bullish pennant since September of 2020. That bullish pennant has broken out and confirmed that breakout (retest) in the recent weeks.
12$ is a big resistance zone for ACB. The price is currently flirting with that level as some positive news was released today. Aurora announced an agreement with Great North Distributors Inc. for Canadian retail sales execution. This creates less resistance for ACB to get their products to their consumers.
Using the Fixed Volume Range Profile tool, we can see that the last BIG volume resistance zone is around the $20 price mark. Once that is cleared ACB share price can see a similar movement as we saw in 2017.
This potential large price increase is due to the lack of volume & liquidity throughout the $22 to $50 price range. This also can be referred as a liquidity void.
Lastly, looking at the relative strength index (RSI), we can conclude a multi year down trend has been cleared and held in the recent months. It is now stretching past the 50 zone which is an easy indication of a bullish or bearish trend.
Thank you all !
Please share your thoughts below and like this post if it meets you well.
Swing Trade: 🌿Cannabis stock on the heat! TLRY Breakout RunHi fellows, just one of my today swingtrades:
Nice setup for breakout in NASDAQ:TLRY .
Cannabis stocks are set up for nice run after Gorgia senate election.
------------------------Trade setup ---------------------------
Entry: 11,35
Stop Loss: 10.66
Profit target: 13.50
Time stop: 5 days
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If you like the idea, do not forget to support with a 👍 like and follow.
Leave a comment that is helpful or encouraging. Let's master the markets together.
HIGH TIGHT FLAG Pattern for APHA - Extremely BullishWe witnessed the impossible last week with the Democrats taking control of the Senate. Technical, fundamental and political environments are in perfect sync and there will be a cash grab by institutions very shortly for all MJ stocks.
HIGH TIGHT FLAG pattern has been detected for APHA. This is considered a rare and extremely bullish pattern (what happened to Zoom during Covid lockdown). It begins with the SP moving 100-120% in <8 weeks (1st pole), followed by no more than 25% pullback <5 weeks (flag/pennant), followed by quick retracement. Once the pole is broken, a 2nd pole is formed which moves 50-60% within the same timeframe as the 1st pole.
I noted APHA’s numbers on the chart. TP is $13 in 35 days. This pattern was also detected for CGC ($44 TP), VFF ($18 PT), TCNNF ($47 PT). If you own any of these stocks, DO NOT SELL. Institutions will be fighting over these stocks which will drive the SP through the roof.
Validation on my hypothesis needs to happen Monday/Tuesday, Jan 11/12! Volume and price movement must be massive otherwise pattern will fail. If Fed gov’t cooperates and MORE Act passes with ease, this pattern will continue to repeat.
Check out US Steel, currently forming its 2nd pole. TP $30 by end of this month.
$CGC - engulfing green candleGot in before the last gap up, may add more now. This looks strong. Weed stocks may be the obvious call for 2021, but damn it may be a great call. This green candle taking out the past two days. #BULLISH
ACB: PATTERN combinations shows BUY potential! At the end of the cup w/ handle, a bullish Gartley pattern forms indicating a solid short term play before the long.
The long term play: Adam and Eve (color labeled respectively) bottoms indicate the long term $32 peak (safe sell point).
The short term play: Bullish Gartley pattern plus calculating the measure rule (arrow) we equal a peak of $13. That'd be a great sell order price!
ACB CUP AND HANDLECONSOLIDATING UNDER THE 200D MOVING AVERAGVE WITH BULLISH PATTERNS. TARGET IS RECENT SWING HIGH AND 1.618. HIDDEN BULLISH DIVERGENCE WITH INDICATORS.
CUP AND HANDLE INSIDE A TRIANGLE. BULLISH DIVERGENCE ON THE MACD.
ACB LONGLooks like a good investment at a current, price, the stock continues to show institutional interest.
Company information
Aurora Cannabis Inc. is a Canadian licensed cannabis producer, headquartered in Edmonton. It trades on the Toronto Stock Exchange and New York Stock Exchange as ACB. As of late September 2018, Aurora Cannabis had eight licensed production facilities, five sales licences, and operations in 25 countries.
