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AURORA CANNABISAURORA CANNABISAURORA CANNABIS

AURORA CANNABIS

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21P trade ideas

ACB - What's next for Aurora?Dear Traders, ACB has been showing ups and downs the last couple of days. Earnings showed growth but a lot of investors were skeptical and that was seen in the price action. First I'd like to start about the vol indicator on this Chart. It shows a potential Curve, which would mean that we in exactly at the lowest point of the curve, low volume, not a lot of buying power, but not a lot of selling power either. On the chart you see that i've drawn a big green line, that represents the bull's breakout line. if the bulls manage to push it above that line it could create a potential run to a higher resistance point, which, if that was the case, the bulls would have to break the resistance at our 55 day moving average (55 MA) located at 8.86C$, if they succeed, price action would likely go to around 9.25C$ (100 MA) and 10.58C$ after that (200 MA). The other scenario is me thinking about that Curve previously discussed. If we were indeed at the lowest point, that means votality would be low. One thing I do know is that price drops faster than it goes up. So keeping that in mind, ACB could also drop lower. Our Support are is located around 7.93C$. Bulls need to manage to keep the price above it in order to stay bullish. If they fail, we might see a drop to around 7.24C$. Let's see how this will playout on Monday. Keep your eyes on the charts! If you have any questions or any thoughts, feel free send me a PM or to comment on this TA! If you'd like to join my Discord Channel to talk about stocks, share knowledge and have a laugh then please send me a PM so that I can link you to it! Take care!
TSX:ACB
by Raw_Blitz
Short signal at .61 FibA lot of traders right now are locking down their shorts on ACB. There is more money in shorting this stock at the moment this year than going long but, There is huge support at .38 Fib so the shorts wont be here for long. Aurora's Fiscal year coming out on Monday and I am expecting to see some REC sales to the provinces. There REC sales contributed 1.3m just in dried flower sales in the first week. I am guessing the oil sales were probably up there as well. I Have a theory for Day Trading if your long or short never play earnings. weekly RSI is favoring the Bears so I have set a Buy at 7.51 stop loss of 7.00. I am expecting to hold the .38 going into the santa claus rally. There is always the fact that earnings beat expectations and Friday was a complete Bear Trap and that's what I want to see. Ill buy into the short squeeze with the bulls and we could see a big rally. Long story short this is a short term bear rally there aren't getting too far ACB is a world dominating company. YES there is a lot of bears and YES there is a lot of outstanding shares but there is a lot of value there if you do your research and see the companies they own or have partnered with they will be the lowest cost producer and the biggest Cannabis company worldwide by 2020 by market cap and footprint.
TSX:ACBLong
by derekh42
ACB surges on Jeff Sessions' ResignationBig move today following a tweet buy President Trump that he has accepted the resignation of Attorney General Jeff Sessions twitter.com This came after a clear hourly bear break across the sector singling some daily consolidation was coming, but this breaking news clearly sidetracked that plan and delayed consolidation for at least a little while. I am closely watching for the hourly trend to change as the daily chart is very over extended right now Key levels for tomorrow: S: 9.59 R: 10.75, 11.29
TSX:ACB
by McGuireTO
2
ACB sticking to my previous calls!Good morning everyone! The stock market has never been so exciting! With the elections going in our favour of legalizing cannabis in the federal level for the US, I speculate that the bullrun for this year is not yet over. On to the technicals, I still stick to my previous chart patterns and previous lay out from my Aug/Sept post. We just bounced off the 70% fib retracement and on our way back up. With the elections acting as our main catalyst(co-incidence? I think not... nothing is a co-incidence in stock markets), Volume has remained strong and support the price movement going up. It has been bullish candles ever since the bounce off. I still truly believe (in my own speculation) that we are not done with our bull run. Based on historical events back in 2014 when we had one of the states in the US legalize MJ, the first bull run was just a way of getting the attention of the public to participate in this market. Now that the institutional investors(and us who knows how the market psychology/technical works) have taken profits, the bounce has been created. I think we will still hit that 17 CAD mark! It needs to beat the previous high (no pun intended) from early 2017. In the technical sense, the Oct 2017 high does not co-relate with the momentum of the market. We need to beat that high. ACB is a strong company. WEED has doubled its Jan 2017 high. ACB is only bound to do so and this would be the price target that I would have if we are to beat the previous highs. If ACB does not the previous high, the chart would form a double top, which indicates a bearish pattern. I am Balanar. I stalk these charts day and night. Happy trading.
TSX:ACBLong
by balanar_NS