ACB continues to tighten, potential daily lower high set todayACB key support to play off of is 8.97, otherwise I will wait for this range to break. 9.55 is likely our new lower high but we have to break the low of today in order for us to be sure.
ACB trade ideas
acbacb :9.23-9.27 is VPOC
this levels must hold for longs and we go to 9.70 OR ELSE 8.50 AND 8.90$ LEVELS ARE PREVIOUS vpoc's( volume point of control) meaning where most volume has been traded and longs were in command
then 9.76 target#1
10.19
10.26
11$ and above....
ACB bulls trying for form base of support on 4hrWatching 9.28 as a support level bulls are attempting to defend with multiple touches and bounces from this area. The daily chart is weaker than others in the sector
ACB daily lower highs on watchClear lower highs on the daily chart the past 5 days, this must break in order to give us the first sign our daily higher low (above 8.83) has been set. CGC earnings tonight will have an impact on the entire sector
ACB inside bar, clear hourly equilibrium in watchWatching this ACB hourly eq to dictate short term direction
ACB bulls buy earnings dip but downtrend remainsHi, having trouble with the hotel wifi as I'm on vacation skiing in beautiful Lake Louise AB so I'm not doing videos tonight. Aurora bulls bought the gap down open and had a volatile day with a wide trading range. Despite the huge 12% bounce note that every hourly bounce is just a lower high. To change this hourly trend and give us a new daily support level bulls need to hold low of day 8.83 and break high of day 9.90 and 10.00. There's a lot of room here so if bulls cannot break resistance first thing tomorrow morning watch for an hourly equilibrium into the end of the week
ACB bulls regain control of hourly chartBulls must hold the low of afternoon consolidation and break high of today first thing tomorrow in order to see continuation on this daily move
ACB searching for a daily higher lowACB daily consolidation is very healthy, looking for an hourly higher low. Bulls must hold the low of today first thing tomorrow and then make an attempt to break resistance and change the hourly trend in their favour. We are anticipating a lower open tomorrow after seeing weakness in the after hours trading.
acb.toacb.to : possibility of expanding flat or flat structure for consolidation before mosr upside...needs this pullback to attract more bulls
ACB weak afternoon bounce favours bearsHourly equilibrium on watch, looking for a lower high below the high of today. Weak bounce here favours a bear break and ultimately daily consolidation
ACB bulls must break $11 tomorrow morningACB bulls have a new must hold hourly support level, the break of which will signal daily consolidation is on the way
Aurora bulls need a break Aurora is now getting close to the oversold territory on a 1day chart , im expecting a pop up to around 10.50 before we do a correction.
I will be shorting this correcton . Targets set on chart . If top target changes i will obv be changing my retracement targets
ACB looking to confirm cup & handle bull breakACB healthy hourly consolidation and closed near the high of the day, looking to break Friday's high first thing in order to see continuation. Key weekly resistance to break is $10.00
ACB needs to show followthrough on the IB breakDaily inside bar broke bullish today but without much follow through, bulls will have to break the high of today first thing tomorrow with big volume to make that break for real
ACB watching for low of Friday to holdPotentialy we've set our daily lower high with a bearish reversal candle on the daily chart. Watching for Friday's low to hold, if it does bulls have a chance again at the high of Friday, otherwise I'd be looking for a higher low above the recent low 8.17. Potential bottomfish opportunity there if CGC isn't consolidating significantly as we approach support
ACB Tightening up.ACB is tightening up into a tight range and may be one to watch for a big move. Leaning towards the upside.
acbacb - will add more over 9 or sell calls... then add to leap call options around 5-.50- 6.00 - 7.00 -7.50 levels not to go agressive because this could still do a leg down...structure seems to be a flat 3-3-5
Dotcom bubble vs Canna bubble, Amazon vs Aurora, eye opening
I went and compared the 2000 dotcom bubble burst to the 2018 cannabis bubble burst and i think there is a eye opening similarity.
I see Aurora as a big player in the cannbiz but their delution on the shareholder will hurt the stock price even more. In my analysis there is a decline of another 50% to come and if you look at the numbers they forcast for their revenue Q2 2019 of 50 Mill. with a marketcap of 5 Bill. USD oh my, then you should absolutely keep a close eye on Aurora.
In the future of pot I see them big but for now the investors will suffer some more pain and we might see the 2.50 again.
I will acumulate on their way down and hold them for a long. Decline will probably keep going until mid 2019
Just my opinion so make your own resarch and like always
May the markets be with you
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ACB - Re-Accumulation, ripe for JACVolume profile looks very indicative of a re-accumulation cycle.
Stock could have further downside, but everything is indicative that it wants to JAC and move up.
Got calls on this bad boy for March 15th.
Waiting eagerly for those magic green beans.
In Wyckoff We Trust.
Cmon let's JAC!
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ACB respecting support and resistance lines beautifly.Watch for a breakout and then a retest of the blue line for a good entry long or short :)
Buyers beware"Markets are in a constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected"- George Soros
Weed has been a disappointing ride for the majority of public investors and almost reminds me of the Facebook IPO. If you look at my past charts you will see I also took a crack at buying ACB @7.60 with a stop at @7.05. One of the reason I like tight stops is when I am wrong say in a buy situation and the market drops I am able to get out then re-assess. You can then wait for depreciation and buy back more shares later using remaining capital without taking any additional risk. The general public tends to hold and pray and I believe this is a huge mistake. Why pray when your money can buy more later?
After gaping up from the low of 6.21 volume increases to the high of 8.25 before sellers step in and sell into buyers forcing the market down again to form this double bottom. I believe much of the general public is still long and we will see more pain until the public begins to give up at which point buyers will take everything they sell. I am not selling short, I am standing aside and waiting to see if this plays out. If it does I expect prices to drop near the $4.00 area and sitting tight will potentially offer great rewards.
I believe the US indexes are currently in a natural correction which is not complete yet. I highly doubt ACB will get any steam until that is finished.
