ACB at $4.81 looks good, $XLY Auxly and $OGI Organigram better?On a trade, with the strength $WEED is showing off its lows, $ACB at $4.81 CAD looks good for a trade. Still getting a feel for the wider market but might jump in here on continued sector recovery or bull trap. We have some good chances to test resistance in the $5.10s before setting a new higher low.by UnknownUnicorn24137212
Aurora Cannabis Inc (Forecast)Buy In: $4.55 - 19/11//04 Target: $10+ - Between 20/01/27 - 20/02/15Longby AUM_Trader1111225
Potential rally to $24 in 2020Looks like Aurora Cannabis has formed a 5,3,5 ABC zig zag correction. The C-wave should bottom out around $3.60 area. From there, we should see a motive phase to $24 if the 161.8% fib plays out late 2020.Longby cellulitis116
ACB (Aurora Cannabis Inc) nearing the end of it's Correction After the pot stuck bubble popped we've been stuck in some long complex correction most likely a WXY. If this counts correct we're nearing the end of this correction. It seems everytime ACB makes a major move it first forms bullish divergence on the 6 hour (2 or 3 touches ) I will be waiting for this divergence to form or if we break outta the downward trend line with volume and close above. Longby PsYiiXUpdated 558
AURORA Potential upside ACBCould bounce off of major support or else we head down to 4.00$ by liquidityengineer6
capitulation from the cannabis bubbleBack to where it started. will make for a sick buying opportunity. Still short for nowShortby MysteriousPersian1110
Aurora Cannabis is at 52 week lows ( buying opportunity )Hey, TSX:ACB Aurora Cannabis is the best revenue growing company in the cannabis industry, this is a huge company and has a lot more to come with. The reason it has been gone down this much is basiclly because they said they would break the 100 million mark in revenue but got 98.9 million and the shorters saw a huge opportunity on that and took it, however this company is massive and they are deffinetly going to go up. They have two gaps to fill, one is a pretty big gap ALSO the earlier times whenever Aurora has been around this current price it has spiked up and have gone up towards the 14-16 CAD range, you can see that on the 6 months or yearly chart. It also seem to have stabilized after a couple of drops after their quarterly report. In my opinion you could earn some nice money here, you can wait for the indicators to give you a green light but you can also buy at current price because it is close to its 52 week low. Peace!Longby MouseOnMars11116
Short acb Called the drop from 12 bucks to 8. Found no support at 8 or 7. Sitting currently on the neckline and broken upward trend I will say short to 4 bucks cad. Use a decent stop loss here reversals on the neckline as possible!Shortby derekh42556
Bullish Run if Pattern Repeats ItselfLooks like we might be getting back up to 12 dollar max, if we can push past the $7.80 resistance and get it to act as supportLongby gavinkisun3
ACB should go upACB is in convergence (RSI) I do believe conservatively we can expect 8.5 or more but VIX is high. so fingers cross, prepare for long ppl.Longby ABG1968Updated 2210
ACB - Interesting observation hereACB - Outside the box observation on ACB here. Forming a nice patter long term. Does history price action repeat itself? Quite possible. Longby dafster17Updated 7
ACB Trendline Bounce TradeACB appears to be in a good buy spot here- This stock along with many of the marijuana names have been beaten up in the last few weeks/months. The price is on/near the diagonal bullish trendline it has respected for a long period. Although it is not the strongest of trendlines with only 3 real bounces. I do think the risk meets tbe reward here. Im looking at a trade just under 5:1. Close any weekly candle close below the trendline. Take profit at the moving average. If it breaks the moving average in a strong way I will update my price targets. Happy Trading :) Longby andzdUpdated 4
break 9 bucks in the next week???acb stock is very boring lack of volume is telling us a big move up or down is coming. this is a great change to test eh long term trend line. 8.50-8.85 would be healthy. If you want to add shares that's when I would do it.by derekh42338
ACB 50/50 Bull Flag Trading Range - Breakout ModeACB is currently in the dead center of the bull flag trading range, and a converging triangle. This is where the directional probability is very close to 50/50. However the bulls have a slight advantage because it is a bull flag trading range, and there are bull gaps below. Prices are currently stalling at the failed bear reversal, where trapped bears may soon buy and contribute to a rally. However there is no valid but setup yet this week. The Bears want a test of the 7 low, and to fill the bull breakout gap. If this gap is filled, it will decrease the bull strength and prices will likely remain range bound for the next 20-40 bars. If instead the bulls keep the breakout gap open and form a higher low in the coming weeks, it will increase the probability of a test of the all time high and possibly bull trend continuation. But since prices are in a trading range, there will probably be some profit taking and short selling at a new all time high, unless the bull rally and breakout is exceptional. If you found this helpful, please like and share. Feel free to comment or ask questions.by tradersmentality6
What is "Price Action"? What about indicators?There is no one clear definition of price action. It can be as simple as "Every tick on any given chart, of any given market." However this definition is too broad and does not adequately describe the term. A better definition is "The collective result of buyers and sellers entering the market for any logical reason, which together create reoccurring patterns that can be analyzed and capitalized." Price action is based on humans behaving rationally, logically, and similarly in similar situations over time, and is the cumulative effect of institutional trading. It has been, and always will remain fundamentally unchanged. If you compare a chart from 100 years ago (such as the crash of 1929) with one of today with the time scales removed, you will not be able to tell the difference between the two. It does not matter if you compare a yearly, monthly, daily, or even 1 minute chart with any other chart of a different time frame. Price action appears the same and works the same in every market, and on every time frame. The institutions cannot hide what they are doing; price action is their foot print. Price action can be used to invest long term, or day trade any market. It allows a trader or investor to identify opportunities without the use of any indicators. In fact, all indicators are a derivative of price action in one form or another. Interestingly, the patterns which repeat as well as trend tendencies can be observed on different charts, even outside of markets. Can you tell a difference between these two charts? The first is a daily chart of CSX. The second is a 5 minute chart of the MES (micro s&p). All markets and charts look the same, and behave similarly. Once you understand the information within, you can understand what the institutions are doing at any given time. by tradersmentality1
$ACB Weekly AnalysisThe past few weeks have been sideways to down from a lower high, but weak selling pressure. The bears want the lower high to hold and to test the double bottom around $5. Prices are currently in a converging triangle and bull flag trading range as both sides fight for control. If this week closes on its high, it would be a wedge bull flag, double bottom pullback, and also a double bottom with the previous failed bear reversal. If the bulls are able to form a wedge flag soon and keep the 5.25 bull gap open, they will increase the probability of a test of the all time high. Although there will probably be some profit taking at the new high since a trading range. The bears need strong consecutive bear bars and a breakout below the double bottom before the market is clearly no longer controlled by the bulls. If you found this helpful, please like! Feel free to comment or ask questions.by tradersmentality114