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AURORA CANNABISAURORA CANNABISAURORA CANNABIS

AURORA CANNABIS

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21P trade ideas

9.35 and BeyondFavoring a rapid move higher in wave (iii) of {iii} of 3 through at least the 9.35 wave {b} of 2 high against the {ii} of 3 low of 5.10. Aurora developed a flat in wave 2 and has since began to develop higher in what appears to be a series of first and second waves before the onset of a third wave at multiple degrees. Third waves typically travel the most distance in the shortest amount of time and I expect to see volatile and rapid upside while any downside should remain corrective. A violation of 5.10 would invalidate the pattern and likely signify further downside through 4.41.
NASDAQ:ACBLong
by PhiWaveCapital
3
ACB a MJ small cap set up LONG Aurora Cannabis on a 15 minute chart is sitting on the dynamic support of the second lower VWAP band in deep undervalued territory also below the high volume area of the immediate volume profile anchored back to April 11th. The Trend indicator shows bearish momentum has bottomed. The dual time fram RSI indicator shows RS values in the low 40s. ACB did have some bullish volume spikes throughout the previous session. Next weekend, is National MJ Day and a bit celebratory for stocks in this subsector. The backdrop of legalization in Germany and the ballot initiative in Florida both have relevance and importance. Vice President Harris is pushing the legalization as an incumbent seeking to be re-elected. All of this helps in ACB's fundamentals and projects for future growth. I see an upside of 15% to the recent high pivot and potentially beyond that.
NASDAQ:ACBLong
by AwesomeAvani
ACB a Cannabis Penny Stock LONGACB is moving of late due to the legalization of marijuana in Germany as well as the election referendum in Florida in November. It is the best capitalized of the peer penny stocks in this sector. Today from the low at the opening bell to the high before the NY lunch hour, ACB moved about 30%. There was both a long and short trade here. The options moved multiples. National MJ Day is April 20th. I expect these stocks to keep moving at least until then. ACB is getting support from the mean anchored VWAP line and is able to run with its bullish momentum to the second upper VWAP line before the shorts take positions and longs realize profits. Since ACB is now situated at the mean VWAP, it is set up for a long entry now.
NASDAQ:ACBLong
by AwesomeAvani
1
ACB Marijuana related volatility in a penny- SHORTOn the 2H chart ACB a penny stock appears to be heading down after an uptrend into VWAP band resistance. The HMAs have put ina death cross and the lines are downward and under the histogram. The dual time frame RSI indicator shows the lines falling through the 50 level. This stock offers shares under $ 1.00 each and also put options. It is likely not shortable so I will but put options and hope to have a fast ride with them. The stock target is the psychological level of 0.5 also confluent with the next VWAP line down. Is is a 8% drop in share price and would yield a good 50% or more on a 7DTE call option. If you are interested in my specific option setup in mind, please leave a comment.
NASDAQ:ACBShort
by AwesomeAvani
2
ACB Cannabais Peeny Stock with News LONGCannabis socks got a boost in the past day as the Biden administration seeks a reclassification of cannabis with the Drug Enforcement Agency ( DEA) This will likely give the entire sector some momentum. Here on a 60 minute chart, Aurora ACB is seen in a VWAP band breakout, crossing over the fair vlaue area of the mean VWAP accompanied on the indicators with confirmatory volume and volatility. On the zero lag MACD, the lines have crossed above the zero horizontal and above the histogram. I see this as an excellent long entry targeting 4.35 which was the pivot high after the last earnings. This represents a conservative 17-20% upside with potential upside beyond that price level given the potential impact of the federal news.
NASDAQ:ACBLong
by AwesomeAvani
Aurora Cannabis Up 44% Amidst Volatility in the Cannabis MarketAurora Cannabis Inc. ( NASDAQ:ACB ) has been soaring to new heights in recent weeks, with its stock surging by a staggering 44% on Wednesday alone. The catalyst? The appointment of industry heavyweight Paul McCarthy as the president of the Cannabis Council of Canada (C3). McCarthy, with his extensive experience at Canopy Growth, brings a wealth of knowledge and strategic insight to Aurora Cannabis, propelling the company further into the spotlight of the rapidly evolving cannabis industry. But what does McCarthy's appointment mean for Aurora Cannabis and its investors? Beyond the immediate boost in stock price, McCarthy's leadership signals a continued push for favorable regulations and industry growth. With his track record of driving corporate policy and international expansion, McCarthy's influence could prove instrumental in shaping Aurora Cannabis's future trajectory. Aurora Cannabis's ( NASDAQ:ACB ) meteoric rise isn't solely attributed to McCarthy's appointment. The company has been riding a wave of positive developments, including the Supreme Court of Florida's decision to allow recreational marijuana legalization on the ballot and Germany's move towards partial cannabis legalization. These regulatory advancements hint at a broader acceptance and normalization of cannabis use, opening up new markets and opportunities for companies like Aurora Cannabis. Moreover, Aurora Cannabis's recent acquisition of MedReleaf Australia for approximately $32 billion underscores its commitment to global expansion and market dominance. Coupled with a more than 5.0% year-over-year increase in revenue for the third financial quarter, Aurora Cannabis is demonstrating resilience and growth in a competitive landscape. But Aurora Cannabis ( NASDAQ:ACB ) isn't the only player enjoying the cannabis stock surge. Tilray Inc. and other industry peers are also experiencing substantial gains, reflecting the overall bullish sentiment towards cannabis stocks. With Tilray Brands (TLRY) witnessing an 18% surge on Wednesday alone, the cannabis sector is outperforming traditional indices like the S&P 500 and Nasdaq 100, further cementing its status as one of Wall Street's hottest sectors. The momentum behind cannabis stocks is fueled by anticipation surrounding the potential passage of a cannabis banking bill in the American Senate. This bill, already approved by the House of Representatives, could revolutionize the industry by providing access to mainstream banking services for cannabis companies operating in the US. Such regulatory clarity would alleviate the financial burdens and uncertainties currently plaguing many cannabis businesses, paving the way for accelerated growth and investment. However, amidst the euphoria surrounding cannabis stocks, there remains a note of caution. The volatility inherent in the cannabis market, characterized by sharp price fluctuations and regulatory uncertainties, poses risks for investors. While major developments like the potential rescheduling of cannabis by the DEA could further fuel stock surges, they also introduce heightened uncertainty and potential for market turbulence.
NASDAQ:ACBLong
by DEXWireNews
1
send $acb back to $1002024 has been very busy for NASDAQ:ACB - Aurora Introduces Medical Cannabis Pastilles for Patient Relief in Australia - Aurora Completes Final Repayment of Convertible Senior Notes Representing ~$465 Million in Total Repayments Since 2021; Cannabis Operations Are Now Debt Free - Aurora Partners with Script Assist to Provide Better Access to UK Medical Cannabis - Aurora Cannabis Announces CFO Transition and Completion of Previously Announced Share Consolidation when looking at the chart we can see obvious price discovery to the downside, and the last year of lows have come with heavy market selling. however on the plus side the buy pressure has been positive in the background suggesting someone is happy to scoop up the stock down here. its only a matter of time before NASDAQ:ACB picks up again given the company are now debt free :-)
NASDAQ:ACBLong
by TBTS
3