Analyzing Aurora Cannabis Stock: Tight Compression Forms Massive Falling Wedge Aurora Cannabis stock, a prominent player in the cannabis industry, is drawing attention from investors as it undergoes a significant chart pattern characterized by a tight compression formation from a six-year retracement, resulting in a massive falling wedge. Despite recent attempts...
On the 4H chart ACB has dropped out of a head and shoulders pattern list winter with high volume into a downtrend with lower volume now into support / demand as shown by the Luxalgo indicator. The anchored VWAP is also trending downward with support at the minus 1 and minus 2 standard deviations. The volume profile shows the majority of the recent share...
Elliott wave counts can be very subjective with some people's counts being completely different. I have two potential counts set up for ACB. My count I'm leaning more towards is the GREEN count. Following the Green EW count, we see the price come just about to the pink weekly resistance line. In EW theory, wave 3 is the strongest move and known for the "gap...
After a nice move up, this is consolodating in a nice bull pennet.
Likely has another test of the bottom long term support around $2.06 B4 a strong bounce reversal back to $50 plus
Inverse head and shoulders on 1hr and 4hr Above $7.54 and it moves to $8ish pretty wuick with a volume gap above In the 8/13 $7.5c
Hi, this is my update for ACB. In the last 2 months ACB has fallen over 60% from $18.50 to $8. If we look at the whole chart, we see that we have already completed the crash structure and now I expect we are going to make a bottom head and shoulders and that indicates we are going to see at least 120% gains in the near future. The MACD is turning green and RSI is...
A cannabis Stock got good potential. I am looking at a bounce back at 8.90s if everything goes according to my theory. Would probably enter at 9-9.1. Leave your thoughts in the comments. NOT FINANCIAL ADVICE!!!!
ACB looks primed for a breakout after breaking it's wedge to the upside, which I believe it will close above today. There's also ~18% short interest which could result in a considerable short squeeze. I believe ACB could run to ~$20 or higher during this run, with much of the run before earnings next week. I picked up March 19th $20 strike calls for <$1 today in...
Bounced off the 20sma yesterday. Another higher low. Larger symetrical triangle setting up here. Im long the 2/5 11.5c
Backtest of triangle breakout. 2 higher lows. Sitting on POC/Volume shelf. Looking to add the 1/29 11c and 2/5 12c.
Hello 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...
Bull case: Double bottom Target $13.7 Bear case: Retest ~$9.5
My first buy was at $4.07, just a hunch we can see a reversal at this levels... I see a RSI bullish divergence at this level, but sincerely this is not about technical analysis... the price can go to $2.00 in the next weeks I will be buying what I consider next 3 support levels (DCA)* HIGH risk investment for the long term...(at least 1 year) but also HIGH...
First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, Aurora Cannabis is due for a breakout. They recently also acquired Reliva, which have many people either skeptical or bullish. The market is hitting resistance at the moment with many people shortening it and negative reactions...
Everything was right on track with ACB price marching steadily down as expected for a great buying opp pre-CGC earnings and then BOOM! Stock popped up from $12 to $17, I sold off another 20% chunk (again catching the top of a 2nd peak on this swing here (just couldn't resist banking more 3x profits on this swing) because the high industry gravity and ensuing...