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!!
Auroracannabis
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
ACB Inverted descending scallop Clear inverted descending scallop (inverted letter J). Low success rate in bull markets (11/52)
$ACBGiving $ACB another chance. Bullish div + buying zone reached. Boxing day sale, Price to book at a discount.
Bullish bat on $ACBTitle says it all. Bullish bat. Max financial opportunity with this bottom. Enjoy
Cannabis Sector: Buy per tutto il 2020Dopo un 2019 disastroso per il settore della cannabis, il 2020 potrebbe rivedere la luce dopo i recenti avvenimenti ma procediamo per gradi.
Sul finire di quest'anno abbiamo acquistato due azioni come NYSE:ACB e NYSE:CGC , possibile monitorare il nostro portfolio su nostro porfilo e.toro cercadno AC_Capital.
Scorsa settimana è cambiato il CEO della società NYSE:CGC , le azioni di tutto il settore hanno festeggiato per questo evento. L'attuale produzione spinge i prezzi della cannabis al ribasso perchè l'attuale domande è inferiore all'offerta.
Il mercato canadese è troppo piccolo per reggere questi volumi e i produtttori canadesi cercano di trovare mercati sbocco sui mercati esteri che attualmente vivono un momento di restrizione legale.
Avendo letto un valido report sul settore della cannabis realizzato da Deloitte dal titolo "Nurturing new growth Canada gets ready for Cannabis 2.0", abbiamo deciso di costruire il nostro portfolio con costanti buy on dip.
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ACB / Cannibals Stocks CrashAURORA CANNABIS
All Time High : $12.51
Waiting for $1 to buy.
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$ACB is finally returning to the MEANAurora Cannabis is returning to home base. Volume picking up, divergency between volume and RSI, capitulation wicks, deviation etc. Once liquidity taken and retest made, we may see either prolonged accumulation or possibly V-type return on major news event or equal.
Potential rally to $24 in 2020Looks like Aurora Cannabis has formed a 5,3,5 ABC zig zag correction. The C-wave should bottom out around $3.60 area. From there, we should see a motive phase to $24 if the 161.8% fib plays out late 2020.
ACB (Aurora Cannabis Inc) nearing the end of it's Correction After the pot stuck bubble popped we've been stuck in some long complex correction most likely a WXY. If this counts correct we're nearing the end of this correction. It seems everytime ACB makes a major move it first forms bullish divergence on the 6 hour (2 or 3 touches )
I will be waiting for this divergence to form or if we break outta the downward trend line with volume and close above.
ACB - Aurora Cannabis Inc.Weed stocks start to bounce, price in lower buy zone and still above longterm lower support trendline. Could have been a minor fake-out of the triangle and once inside can test 8.13 USD
Aurora Cannabis not looking good Diagonal Resistance vs. Horizontal support that's been tested twice with bounces getting weaker. Who wins? I think Diagonal Resistance (lower highs)
Auroa ACB has $20 target within next few months. Sneaky BullsAt first look ACB appears to be putting in a Giant Topping formation however with closer look I have been able to see its true intentions. First we have class A bullish divergence on MACD histogram and hidden class B bullish divergence on RSI.
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Also we have a possible strong reversal setting up, due to the very similar nature between ACB Weekly chart & and Adam and Eve chart pattern we can use this information and classical technical analysis theory to extrapolate a mid to long term Target
ACB RESPECTING TRENDLINE ! Hello Traders,
Today’s chart will be on ACB – AURORA CANNABIS INC, respected trend line perfectly!
Points to consider,
- Trend overall bullish
- Broke resistance, now potential support on re-test
- EMA’s turning bullish
- Stochastic showing upwards momentum
- RSI broke its resistance
- Volume starting to increase
- Next local resistance areas are the .382 and .618 Fibonacci Zones
ACB has perfectly respected the upwards trend line and has broken local resistance now turning potential support upon retest.
The EMA’s have turned bullish upon this break signifying that further upwards is more probable. The RSI is quite bullish at given time too, it has broken its major resistance line thus has further upside potential; this will allow bulls to push price into next local resistant zone (.328 Fib).
Furthermore, the stochastic's are showing upwards momentum, however it’s starting to look over extended, we may see it cool of, this will allow for price to retest support before heading back up…
Volume is starting to pick up, very healthy in this break from resistance, we need to see the volume maintain a steady increase for this area...
Bulls can potentially test next resistant zone at the .382 Fib, posting a gain of around 18.64%, if a break of this zone comes to fruition, then a test of .618 Fibonacci is probable, posting a 50.81% gain!
What are your thoughts on ACB? Will bull have the momentum to push through local resistances?
Please leave a like and comment
And remember,
“It’s not whether you’re right or wrong that’s important, it’s how much money you make when you’re right and how much you lose when you’re wrong.” – George Soros
Aurora Cannabis. (ACB) Time to Start Buying?! Hey guys. So I have always been a fan of marijuana stocks and who can love trading the devils lettuce, but not trade ACB!?
Over the summer we had a big sell off in the sector, but that was expected after the run we had that winter. The market is starting to catch some support and we are seeing more consistent green days for the green good. At this point in time you could do one of two things... you could wait it out, or what I personally do for longer term investments.. Start accumulating. We could bleed a little more, but to be honest... I dont see it falling much more. Another option for people who prefer less risk exposure could be to wait for earnings. Earnings is only a few weeks away and should provide a significant outlook for Auroras future.
