ACB sees continuation from its bull breakACB bulls running hard with 13 hours candles in a row with a higher low - going to need to see a new hourly support established so this daily move can see possible continuation
21P trade ideas
Aurora upward trend to ATH?Not Trading Advises. only for learning. Appreciate feedback and criticism
I think Aurora is in a upward trend to its ATH price range based on the following:
• HH & LL
• RSI showing positive signals and positive momentum
• Volume increased
• Structure/Support at $9 Cad, not sure how strong the support is, and if the support is hold at $9, i interpret it as bulls have control over the stock and expect to see higher SP.
• Respecting 200 Ma, and trading over 50 Ma.
• By and large $ 175 millions Cad in revenue Q4/Q1 2019/2020, by and large $700 millions – $ 1.2 Billions Cad Revenue 2020. ( PE 10 on today's price ) and expected to grow in to a Billion dollar quarterly revenue company,
• Aurora is getting traction in the media. Buy rating.
• Cannabis market is getting more love every week, being talked about more and more, many times a week on Yahoo Finance, and Aurora is often mentioned.
• Higher marginal products coming online
Target: $12-$13.
If the price drop under $9 Cad, trade is not viable. ( my rule )
Disclosure: Aurora is my biggest holding, resp 30%. Planing to hold for life if the company continues to grow.
Not Trading Advises.
Aurora leg 5I think Aurora will do a wave 5 up. After the first report Aurora look like to have a strong future. And with pension founds and other institutional investor starting to pick up Aurora shares i think the SP will start to reflect it. I hope it will be a steady climb as it for me represent a shift in sentiment and a new type of buyer have come around.
Changed sentiment bull target: $14 cad
Trending range: $8,30-$9,30
Changed sentiment bear: < $8
Not trade advise. For traning
ACB daily range is very tightThere is not much opportunity within this daily range except a bottomfish of key daily supports. Lose those supports and we're looking for a weekly support above our last one in the $6 range
ACB - Preparing the Reversal? Let's see what the fuss is about!
Some interesting things are developing with ACB TSX:ACB so let's get into the meat and potatoes shall we?
Taking a look at the daily chart, First thing to take a look at is the rising channel show in blue and the serious of falling wedges (bullish indicators) shown in green. Here is my technical argument as to why i see a return to 10-12.50 in the next while. Since the January run we can see price action moving above the 50 EMA in very impressive fashion. Interestingly enough we looking to test the 50 EM once again and in addition you can see Fib. retracement level here at .62.....a very important place to hold. With slowing selling pressure and more buyers volume support (shown in red ovals), we are forming a very nice bullish consolidation pennant forming, with could results in a sharp reversal if price action doesn't drop below the 50 EMA.
My take away is to watch the RSI level carefully as we approach 40. If we levels rebound here, expect some major resistance as we move back towards the blue rising channel.
**Buying and Selling are solely your responsibility and cover all your bases....due your due diligence, never buy because ANYONE tells you to!**
Enjoy the weekend folks!
ACB continues to tighten, potential daily lower high set todayACB key support to play off of is 8.97, otherwise I will wait for this range to break. 9.55 is likely our new lower high but we have to break the low of today in order for us to be sure.
acbacb :9.23-9.27 is VPOC
this levels must hold for longs and we go to 9.70 OR ELSE 8.50 AND 8.90$ LEVELS ARE PREVIOUS vpoc's( volume point of control) meaning where most volume has been traded and longs were in command
then 9.76 target#1
10.19
10.26
11$ and above....
ACB bulls trying for form base of support on 4hrWatching 9.28 as a support level bulls are attempting to defend with multiple touches and bounces from this area. The daily chart is weaker than others in the sector
ACB daily lower highs on watchClear lower highs on the daily chart the past 5 days, this must break in order to give us the first sign our daily higher low (above 8.83) has been set. CGC earnings tonight will have an impact on the entire sector
ACB inside bar, clear hourly equilibrium in watchWatching this ACB hourly eq to dictate short term direction
ACB bulls buy earnings dip but downtrend remainsHi, having trouble with the hotel wifi as I'm on vacation skiing in beautiful Lake Louise AB so I'm not doing videos tonight. Aurora bulls bought the gap down open and had a volatile day with a wide trading range. Despite the huge 12% bounce note that every hourly bounce is just a lower high. To change this hourly trend and give us a new daily support level bulls need to hold low of day 8.83 and break high of day 9.90 and 10.00. There's a lot of room here so if bulls cannot break resistance first thing tomorrow morning watch for an hourly equilibrium into the end of the week
ACB bulls regain control of hourly chartBulls must hold the low of afternoon consolidation and break high of today first thing tomorrow in order to see continuation on this daily move
ACB searching for a daily higher lowACB daily consolidation is very healthy, looking for an hourly higher low. Bulls must hold the low of today first thing tomorrow and then make an attempt to break resistance and change the hourly trend in their favour. We are anticipating a lower open tomorrow after seeing weakness in the after hours trading.
acb.toacb.to : possibility of expanding flat or flat structure for consolidation before mosr upside...needs this pullback to attract more bulls
ACB weak afternoon bounce favours bearsHourly equilibrium on watch, looking for a lower high below the high of today. Weak bounce here favours a bear break and ultimately daily consolidation
ACB bulls must break $11 tomorrow morningACB bulls have a new must hold hourly support level, the break of which will signal daily consolidation is on the way
Aurora bulls need a break Aurora is now getting close to the oversold territory on a 1day chart , im expecting a pop up to around 10.50 before we do a correction.
I will be shorting this correcton . Targets set on chart . If top target changes i will obv be changing my retracement targets
ACB looking to confirm cup & handle bull breakACB healthy hourly consolidation and closed near the high of the day, looking to break Friday's high first thing in order to see continuation. Key weekly resistance to break is $10.00
ACB needs to show followthrough on the IB breakDaily inside bar broke bullish today but without much follow through, bulls will have to break the high of today first thing tomorrow with big volume to make that break for real
ACB watching for low of Friday to holdPotentialy we've set our daily lower high with a bearish reversal candle on the daily chart. Watching for Friday's low to hold, if it does bulls have a chance again at the high of Friday, otherwise I'd be looking for a higher low above the recent low 8.17. Potential bottomfish opportunity there if CGC isn't consolidating significantly as we approach support
ACB Tightening up.ACB is tightening up into a tight range and may be one to watch for a big move. Leaning towards the upside.
