I am a complete amateur so don't trust me :D
Think I'm gonna wait for a pullback to around $12 before dropping more into TSX:ACB . With the CMED takeover, TSX:ACB is now the most valuable weed firm in the world (and a hometown Vancouver company, to boot). I like TSX:ACB 's international investments in the Netherlands, US, and Italy, plus with Canadian...
I like cannabis stocks, have been bullish on the sector for the last year. I don't think 2018 will be any different. However i don't like the company aurora cannabis from a fundamental point of view. The company has not been able to turn a profit, the massive run up in stockprice is based on future expectations. If the company is now not able to turn a profit,...
"High" Potential is what i said to myself about 21 months ago and indeed it has proved to be a very good investment. Entered at 0,95 and will obviously hold but there is a chance that starting around march there will be some opportunities to add to my position.
ACB looking like its completing one last correction wave before stabilizing somewhere in the $9-$11 region. That being said they have just released great news so this could interrupt the last correction and continue on its bullrun but i find this unlikely.
All in all, don't try and fight the bull market. Cannabis is exploding right now and you'd best hold this...
Have a strong belief that this stock is going down to at least the key level of 11.525.
11.525 will provide a great level of support, conveniently this is also where the 38.2% fib retracement is lands.
Also notice the purple moving average line, after previous runups the stock tends to like to touch this line before it will go anywhere again.
Take a look at the...
I can't really back any of this up. I have no idea what I'm doing. ACB set to open a massive facility in April via finance.yahoo.com so I'm going long on this one.
Hey,
Novice trader here learning Elliot Wave with Fib. Just seeing if anyone else can see similar count or if I'm way off. This could be the start of a 3 major wave with this being the first sub wave or I could be wrong.
Let me know what you think.
Thanks!
Unfortunately I'm a little late to this party, but there may be a little juice left.
Also Important Note: I'm being very cautious because there is the possibility of a sell the news event at the first of the year. It seems that the expected good news is already being priced in.
