ACB closed right on a very large support. The 100 30 min MA that has been rejecting all WEED stocks is literally right on top of it. The slightest move up and we could run. A break of 8.20 would also send us straight to 8.50. A break of this could see $9.00. I think this is all contingent on WEED breaking that 28.50 barrier. I say this because when WEED broke...
Morning will Tell. In my opinion yes. Weed and the others should drag ACB out. I drew the white and Yellow Lines back in mid March and they have held up until now. ACB did drop back down just inside the channel but a great open should turn that yellow line into resistance. I wouldnt buy this one until that is confirmed. You are looking for a break of 8 and a...
Can't believe I missed this earlier with Aurora Cannabis. We're heading downwards to the $2-3 range. Oh well, win some and lose some. My focus is usually on Crypto and it takes my attention away from other stocks. Sharing my two cents and hoping this helps someone.
Didnt like how ACB closed weaker than the other 2. However it is normally the laggard of the bunch lately. If the other 2 rocket they should pull ACB with it and it could once again be the steal. I can see 7.39 holding nicely as you have 14 supports some dating back as early as the start of Dec, However if it doesn't you will see this hit that 200 day MA at...
Looking at the Charts ACB and APH are in much worse Shape than WEED and Chron. WEED lost both its 50W and 100 day MA though. You are going to want to see it break 28 again and hold on the daily.
You could see WEED and Cron Recover and APH and ACB and APH fall. TBH i wont trade until i get a clear signal Monday. Overall sentiment is down but SPY seems to be...
Hedge Funds and other companies are investing heavily in the Cannabis sector, and this company is relatively cheap. Which means that those companies investing in the sector are incrementally accumulating their positions. This also means that those companies will purchase stocks where they believe it to be cheap and that entry area is a good area (based on...
Nailed it yesterday saying it was the laggard and will make up ground. I expect WEED to do the same tomorrow.
This stock and APH are 100% following the SPY less an hour. I swear some algorithm from the bigs have set it to follow the SPY minus an hour to the T. Start on the 15 min chart on the SPY roll back to 12:30. Then look at this at 1:30
It goes Red, Red,...
Finished strongly and the SPY is looking very healthy.This one you are looking to bust 7.77 and hold 7.62. 8.00, 8.25, 8.50 could all be sticking points. If it correlates with the other Big 3 and this is the laggard ready to break out this could be a major steal. Higher Risk Higer Reward here.
Similar to my APH writeup. This stock should see a nice open after the SPY. It has touched the bottom of its channel as well which should increase its chances. FIB is saying this should hit I will be watching this stock at 8.50, 8.95 and 9.20 to see if it starts to go sideways before exiting.
You can see that a triangle is forming and that the trend line the fib and the .5 fib are all hitting the c point. This should be enough to start an uptrend. Also the macd looks like it is begiing to cross over soon.
We have closed below the upward trend line, and out of the falling wedge. The weakness of the reaction rally foreshadowed the sharpness of the decline that followed. If we cannot hold support at 9.00 and start to form a reversal. If not, we will most likely test 8.50. Today hit support and got rejected twice, Will this be a reversal or will it continue to test lower?
I am watching the two forces bullish and bearish on this one. As you can see on the daily, we have very defined channel zones. Price is respecting these areas. The pot market is mostly bearish, with decent retracements aka bullish pullbacks (from bearish bias perspective). These are tradeable (I trade them as a counter-trend trade) and typically I see, 1.50 to...
We can see that TSX:ACB just can't seem to keep volume or momentum. Although it had traced all the way back down to the .618 Fibonacci retrace, where it finally found some support and did a little bounce, but there is now heavy resistance it will have to face at 10.60. It is following the temporary downward trend line, indicated by the dotted green line, coming...
Aurora didn't get as high as the other stocks, rather ending the last few days in the red. Forcing me to remove the previous support I was worried about, as well as the possible new upward trend line, replacing it with a dotted green temp downtrend line. It didn't recover well from that broken neck. There wasn't much of a shadow and the candle closed almost full...
This stock will jump up in the coming weeks or two, as the RSI is always bouncing back and forth, and it has broken the resistance line so currently it will be going down but soon it will come back up. The RSI will jump up soon to indicate that the stock will head up, and the MAC will be touching soon showing that it will be going up. This is looking good for...
