ACB trade ideas
Sold $5.58 Yesterday for 3% loss. Re-Entering TomorrowRisky swing trade, but I think this reaction is just panic selling from the news yesterday. A lot of people are holding a bag right now, so when the news hit they freaked out. A lot of new traders attracted to weed stocks. It was also hovering around $3.00 before they made all those acquisitions
The volume was unspectacular relatively speaking. Funds have already unloaded a lot of stock at this point, which you can see on the two big volume days that happened just recently -- one day for 30 million, the other 20 million.
Like the risk reward. I may hold, but if I'm up nicely, I might sell too. Depends on a lot of factors whether I hold.
Buying the dip or the open depending on the price action. Will be scaling into my position nonetheless. If it closes strong, I'll fill. No buy half this time, filling the whole thing today
Buying 1/2 PositionLooks pretty oversold here. I'll explain later because i don't have time/ I had a chart previously made up but I must have deleted the drawings
ACB may retest low before next bullish run.Its possible we will see some weakness and a few retests of lows.
Perhaps some nice buying zones ahead before the run to October 17th.
$ACB buyers are searching for a cheaper entry - dilution is goodWhile TSX:ACB is sitting at a new support of $7 - buyers are looking for a new avenue while production lags behind the Oct 11th date.
While FOMO locks into place we will see a new entry around $5.50 and maybe as low as $4 before the new year and before production starts.
LEAFers are still waiting for new shares.
Dilution is good.
Large descending wedge. been waiting to find support at 6.00 there to confirm my theory on a large descending wedge from recent highs. you can see the pattern so don't rush into a buy. buy when there is blood on the streets like yesterday, on or near the button line. use stop losses these bears are strong. when trading don't get greedy :)
Clear Buy Signal - Fake Out at 6.28 - Strong Bullish Reversal IBAll indicators are extremely oversold, MACD showing bearish sentiment, however, we believe this to be a fakeout. Expect a strong Bullish reaction week ending. We expect bullish break up to 8.30 - 8.55 per share. The need for reassessment will be performed once certain price points reached.
ACB Broke Support Heading LowerACB broke a key support line at 7.11, will probably head lower to 5.21.
ACB see's a dip to $7.92 after announcement about MedReleaf" ACB announces it has received shareholder approval at a special meeting, held today, for the issuance of shares in consideration for the planned acquisition of MedReleaf Corp. ("MedReleaf"), a well-known Canadian Licensed Producer based in Markham, Ontario that delivers premium medical cannabis products to domestic and global markets, and compelling brands to the adult-use recreational market."
Dillution, is a fact of company issuing shares for operating expenses, in this case it's a merger.
There won't be a dillution, more shares will be issued and capital value of company will increase. So, currently 4.2bln, and it will be 7.6 bln, about the same as Canopy. It's the reason why Canopy is declining, because Aurora is bigger now.
Leaders in the industry get higher p/e and share price as result... soon will be back at $9. There's some selling by Medreleaf are going on Aurora side, it's a reason, why we can't push back above 50 days.
More Information about the Announcement here:
Industry-leading scale: Funded capacity will increase to over 570,000 kg of high-quality cannabis per year, to be delivered through nine facilities in Canada and two in Europe
Low production costs and industry-leading yields: Aurora's automated 'Sky Class' greenhouses are expected to deliver industry-leading efficiencies and ultra-low production costs of well below $1 per gram, delivering sustainably robust margins. MedReleaf's high-yield cultivation techniques are expected to further enhance productivity and reduce costs across the combined entity's facilities.
International distribution: Aurora has established a strong and rapidly growing footprint in the international medical market. The combined entity is now well-positioned to rapidly gain market share in a number of significant markets. Most notable among these, is the European Union, which will have in excess of 400 million people following Brexit.
Expanding brand leadership: Aurora, CanniMed and MedReleaf represent three well-established medical cannabis brands, and a growing portfolio of premium consumer and wellness brands including San Rafael '71, Woodstock, and AltaVie that are backed by detailed consumer and marketplace insights and advanced analytical frameworks. This brand leadership positions the combined entity well to drive accelerated growth through its existing distribution channels for the domestic medical and consumer markets, as well as the international medical markets.
Scientific leadership: Each company is actively engaged in clinical trials and medical studies, which has resonated strongly with the international medical community, driving above-average prescription rates and referrals. Further, both companies have developed considerable expertise in cannabis plant genetics, enabling the development of new cultivars with specific traits for a variety of domestic and international markets, as well as strains optimized for automated cultivation.
R&D: The combined company will have an industry leading Science and Research & Development team that includes approximately 40 PhDs and MScs. Both companies have a proven track record in developing new products, adopting new technology throughout the value chain, and integrating innovations from third parties. Combining these capabilities will accelerate product development and technology adoption, creating strong, defensible competitive advantages, including, management believes higher-margin offerings to drive above average profitability.
Confirmed downtrend new low was just made. the bears are strong!long term downtrend has been created. we are very oversold so long positions a re rebuy is 5.97. the shorts will want to break 6 but I believe the bulls will recover a bit by Monday. Thursday and Friday is most likely going to the bears.
Knifecatching on AuroraAurora is reaching a nice extension from the previous bullish swing and is currently oversold on multiple smaller timeframes. The Stochastic has already crossed bullish at the bottom and bears are exausted.
A minor move to raise the weekly close may be seen today. If not, I will update new targets. The RSI hasn't been low very often this year so a bounce is not unlikely. First resistance tends to be at Kijun (red line).
Smaller bullish divergence already on 1 hour TF.
May be good for long term positioning. Blue line indicates a bullish confirmation
5 dollar make u hollereveryone and their dog in canada talking about pot stocks pumping after legalization
Beginner, beginner, beginnerThis is the first time I post here and I'm really, really, really a true beginner so please make constructive comments or go ahead and destroy it. It was just made for a friend and I decided to publish it for fun and for learning purpose.
Buy Target Prices After the previous failed uptrendMy last trade failed due to bear pressure I was able to get out at 9.50 for a couple hundred dollars profit. rebought and 9.00 and resold at 9.12 for 1200 dollar day trade. the Bear pressure is huge the shorts have locked up some huge positions recently and with selling pressure we close below the daily 50 Day Moving Average. I think the bears will push it down to break and retest the 200 MA currently sitting at 8.30ish CAD. Monday should be very volatile as current investors see the bear momentum which more selling pressure and larger short positions will come in. we are due for a 200 day MA break since it hasn't happened in over a year. so will they push ACB into the 7's again? most likely but not for long. The buying support will come in and 8.00 will be ACB's major future support. I'm on the sidelines right now waiting for my entry.
Its time to flyAurora is ready to fly. Looking to reach $25 ($25.67 precisely) by Q1 2019. Its the 1x1 Gann level for this shorter term trend.
Signs of strength have showed up past few weeks and a buy is in play.
If you understand wyckoff labeling this This is the last point to buy before she takes off.
Gann Time Vibrations also listed on chart. Im suspecting a market top on the 90th degree of vibration which is in February 2019.
Good luck
Aurora has great oppertunities for Short term tradesACB TSX:ACB Trending up currently just sold at 10.48 10,000 shares. looking to re buy tomorrow morning at 9.48 hit my target price of 10.98 with 10,000 shares that would leave me with a $15,000 trade by july 2-3rd. lets see if a nail this. ACB has strong bears so this trade may not work out but it will wait n see.
Short ACB - Buy the Rumor, Sell the News.As much as I like the company, the current price is high. This trade is a basic "Buy the rumor, Sell the news" play.
I shorted at 9.70 and have an exit zone of EMA 26 Low exit trigger and 8.06 as the target cover price.
I will be watching morning volume, price action, and momentum, to confirm exit price.
This also applies to my Stop Loss/Break-even zone should this trade reverse sharply on rumors, speculation or news.
My logic is that ACB likes to settle in around 8 bucks and change, which is a median zone for this stock.
Or in simple terms; I believe the price will swing back to the best fair price the market likes to trade at, the 8.02/8.06 zone.
I don't expect a lot of action over the summer while parliament is out for the summer. But one never knows.
Trading pots stocks is a bit like "herding cats". They just run in different directions without notice. LOL
Liking Marijuana here..Good setup as you can see from the chart. Can see acceleration. Volatile stock but what do you expect with so much speculation around weed. Trade the price with controlled risk . That is all.
