Aurora Cannabis Inc. // Long PositionHigher lows - control risk. High reward if trend continues- HIGH RISK TRADELongby UnknownUnicorn3805751Updated 5
ACB ScenarioRecent head-and-shoulders pattern.. Short-term support and resistance in white, if we see an upward break the expected long position indicates upwards to a return of 20%+ and loss of 10%+ depending on limits and stop losses set. Red lines are showing a descending triangle. Bullish based on improving fundamentals and the risk-to-return reward for future growth and revenue. Short-term dependant on these technical breaks, marijuana industry, and global market conditions. Longby mkzinvstUpdated 2
Wait for a better priceGood day folks, Aurora Cannabis has been on a wild ride. There is support at $6.00 and it is likely to be tested again. If this support doesn’t hold, it could go back to breakout price or $4.00. I prefer not to mention the large support at $2.00 as it would be a complete catastrophe for the stock imo, however I would load big time at this price. Until the stock becomes a defensive one, I think its price will consolidate, making up and down, between $4.00 and $8.00. After all, we are heading into recession. Merry Christmas to all! by tipere4458
ACB No change in my outlined resistance and support levelsGOOD morning GUYS!!! WOW... JUST WOW!!! As I have previously mentioned in my previous postings with respect to ACB, my outlined resistance and support levels remain the same. As we can see, we have seen 5 bearish candles this whole week for ACB... reaching my target support level, which is part of the ascending triangle that I have previously outlined months ago. With that said, we may see a small shake out then a reversal going up OR we simply bounce off the support level. Personally, I have bought some ACB's at this point and I am GLAD that I did. Volume remains above average despite of the sell-off but do not view this as some negative outlook. We need this. I see ACB going on a bullish momentum going past 2019 Q1!!! I am the night stalker!! I stalk these charts day and night!!Longby balanar_NS5
ACB daily chart best positioned for a sector bounceACB is holding up well on the daily, and is well positioned for a move should the market see a short term oversold bounce04:08by McGuireTO8
ACB 4hr bear flag setup, low of day on watch tomorrowWatching the low of the day and the high of the afternoon bounce to confirm or negate the bear flag setup.02:51by McGuireTO118
ACB low of today is key support tomorrowWatching low of today for indication our daily lower high is in02:37by McGuireTO447
ACB more bears coming to the party?My observation and opinion; It's clearly a bear party in the pot sector. I hope nobody is surprised because we invited them on Mid October. Some may still be hanging on, holding, and hoping for a turn-around. That has to be stressful. Might want to re-think that strategy. Some may have taken profit and now sitting it out. Some aggressive types may have shorted the crap out of this market. My strategy is: Patience! It is now just a waiting game, wait for the bottom, wait for a clear signal that we are heading the other way. I will let the price do it's thing. Go where ever it must, and when it gets extreme, I will take advantage of that weakness. I am watching the 7.00 and 6.00 zones for rejection. could be this week, could be next. We may even see some surprising new lows. But, for now, I will keep my cash in my cookie jar until I see a good reason to throw it back in the market. Randal L. Lyon Investor, Trader, Blogger www.wealthandgrowth.com by 4XRandalllUpdated 118
Inverse head and shouldersSupport around 7.5 has been holding up and we've been seeing a continuation off the fib bounce.by blbenne0116
ACB watching for potential of daily lower high being setACB enjoyed a nice oversold bounce the past two days, now we're watching the high and low of Friday to break to signal consolidation or continuation.09:33by McGuireTO7714
My ACB pattern remains the same for months!!!This is simply beautiful. I have the same patterns, resistance, and support outlined since September 2018. Lower ascending blue line is the lower portion of the ascending triangle I have outlined. ACB hits 6.19CAD at low and climbs back up with a rising sun candle pattern. It's possible that we see a reversal pattern from here. I wouldn't be surprised if we see a short squeeze first as means of a shake out before we take off. I just bought some shares today. Still dollar cost averaging my way through ACB because I can see there's another final support level below it, which is 5.00-5.34 CAD. I doubt we will hit this level because the ascending triangle has been confirmed twice at the bottom and the top. If we hit 5.0-5.34 CAD, this level would only be reached via a shake out. Im putting most of my capital in this level if it ever happens. I LOVE this GAME!!!!!!! I'm a strong believer of ACB. I believe that they will lead the Cannabis market one day. I am Balanar the night stalker. I stalk these charts day and night!!!!Longby balanar_NS3312
ACB loses key weekly levelACB had a clear bear break today, and there is a lot of space before next supports are encountered. Bears are in full control03:03by McGuireTO4411
New Bottom?So I thought that the bottom was around $6.50-$6.40, but I was wrong. I have a bad history with bottoms (no pun intended). The bottom may be around $6.25-$6.20. Again, I could be wrong, but I am still watching.......One person said the bottom is around $6.10. We shall see.by RogueTrader11224
Waiting on the BounceSo I have been watching ACB, and I have been waiting on the bounce with this one. It looks like the bounce could happen around $6.50-$6.40. It might hit this area tomorrow and bounce mid market. I just don't want to catch a falling knife. I will be watching this one for sure. Good luck tomorrow.by RogueTrader11443
going back to a few dollarsIf you look at monthly graph, it looks like the perfect asset bubble. Predict it will go back to 2-3 dollars within 2019.Shortby MysteriousPersianUpdated 444
ACB testing key support first thing; lack of support if breaksACB has a key test of support first thing tomorrow, and there's a lack of support near by should the chart see a bear break07:16by McGuireTO2212