Get started
AURORA CANNABISAURORA CANNABISAURORA CANNABIS

AURORA CANNABIS

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Forecast Seasonals

21P trade ideas

ACB perfect fib bounces (speculative bubble market)As I mention in a lot of my posts, Fibonacci ratios are great for speculative and volatile markets. ACB doing the same things as WEED (more or less). From the top a retrace to 38% from the top (scary accurate) at $7.2 and looking to retrace the correction (second fib chart on the right) in correction waves anywhere around 38% (10.2) (reached already) and 62% (12.20) Target reached today, from here I believe the second correction will bring it back to around 7 or lower, mirroring slightly what is happening to WEED. Ill be picking these stocks up nice and low before legalization.
TSX:ACB
by MysteriousPersian
Ascending triangle for ACB?I am a complete amateur so don't trust me :D Think I'm gonna wait for a pullback to around $12 before dropping more into TSX:ACB . With the CMED takeover, TSX:ACB is now the most valuable weed firm in the world (and a hometown Vancouver company, to boot). I like TSX:ACB 's international investments in the Netherlands, US, and Italy, plus with Canadian federal legalization on the docket for July of this year, I'm definitely holding until at least then! Wish me luck
TSX:ACBLong
by filmaj
This marijuana stock will keep losing money I like cannabis stocks, have been bullish on the sector for the last year. I don't think 2018 will be any different. However i don't like the company aurora cannabis from a fundamental point of view. The company has not been able to turn a profit, the massive run up in stockprice is based on future expectations. If the company is now not able to turn a profit, how will they be in the future when margins only will erode over time? Management is incompetent, the last Cannimed deal shows how irresponsibly they allocate capital. It would not surprise me to see this stock drop -50% over the next year. Be warned.
TSX:ACBShort
by Nielsagaert
7
ACB in its last correction wave releasing good newsACB looking like its completing one last correction wave before stabilizing somewhere in the $9-$11 region. That being said they have just released great news so this could interrupt the last correction and continue on its bullrun but i find this unlikely. All in all, don't try and fight the bull market. Cannabis is exploding right now and you'd best hold this one, it still has much more room to grow. That being said, a short around soon to be 13$ could be possible since id like to see it consolidate around 11$ before taking off again.
TSX:ACB
by MysteriousPersian
ACB AnalysisHave a strong belief that this stock is going down to at least the key level of 11.525. 11.525 will provide a great level of support, conveniently this is also where the 38.2% fib retracement is lands. Also notice the purple moving average line, after previous runups the stock tends to like to touch this line before it will go anywhere again. Take a look at the GANN fans and they will also lead you to this exact key level. We may expect a slow downward consolidation for the next week or so, at this point the price will be on the key level/fib/ and ma will have moved up to there by then. If you take a human behavioural look at the stock, the bigger plays had been dumping heavily into the most recent run, this can be seen on an indicator such as the MFI. There has been a mad influx of new investors, most of whom have never even placed a trade before. These investors will begin getting anxious after watching their friends make huge gains and slowly begin to dump at a small loss. Many articles are going to start being released regarding the insane valuations, and I would not be surprised if the gov't didn't throw a wrench in some of their plans and tax expectations. Keep a keen eye on different stock forums, twitter, twits, etc. You may see a shift in the overall optimism of the market, the human element is going to be the most crucial part of trading a stock like this. If you are planning on opening up a short or put position, the volume is going to be your best indicator. You will want a low volume level for the run down, if you see a big down bar this may signal a bottom before the next run up. Best of luck whether you're long or short on this. This was just a quick writeup, about 10% of my total analysis on this. I may add more later or at another date.
TSX:ACBShort
by koples
2