As shown on the chart since erly October,ACB has been traded below the green trend line on the daily. It finally broke above it this week,but follow through is yet tobe confirmed.
On the macd side, divergence has been building up since early October too as shown by the green trend line. It is important to note that since the middle of May 2019, MACD has always been below the zero line and the upcoming blowout earnings could be the perfect spark to push it upwards finally after a whole year.
RSI has also been moderately trending upwards too. Although it broke the upwards trendline for a couple of days during early March, it still has potential to be a viable signal to the upside. Also just like the MACD, since the middle of May 2019, RSI has been traded below the 50th mark except for a few head fakes.
All in all I believe the longs will finally be rewarded and if Aurora comes clutch with a equity based partnership deal we will definetely be seeing a 10-15bil market within this year.
On the macd side, divergence has been building up since early October too as shown by the green trend line. It is important to note that since the middle of May 2019, MACD has always been below the zero line and the upcoming blowout earnings could be the perfect spark to push it upwards finally after a whole year.
RSI has also been moderately trending upwards too. Although it broke the upwards trendline for a couple of days during early March, it still has potential to be a viable signal to the upside. Also just like the MACD, since the middle of May 2019, RSI has been traded below the 50th mark except for a few head fakes.
All in all I believe the longs will finally be rewarded and if Aurora comes clutch with a equity based partnership deal we will definetely be seeing a 10-15bil market within this year.