shark or cypher harmonic pattern: AB=0.61 XA BC=1.13 AB tp1=0.78 XA=$28 tp2=1.27 BC=$31 tp3=0.88 XA=$35 tp4=1.6 BC=$55 tp5=1.13 XA=$60 tp6=2 BC=$105 tp7=2.24 BC=$158
We can see in the chart that the is a possible SHS formation forming. For this to be valid we do need to have a break of the neckline first. The thing that we can do now is just trade it long with our take profit level at the neckline and with our stop loss level right below the fake out that we got in the chart. As mentioned in the chart we know that the fake...
Are we on board ? is this the moment? probably not, while everyone has been waiting for a massive jump in prices for the cannabis markets especially that of the Canadian markets this is probably not that move, however if it continues this uptrend and breaks into the newer fibonacci levels it will certainly have my attention.
Hi, this is my update for ACB. In the last 2 months ACB has fallen over 60% from $18.50 to $8. If we look at the whole chart, we see that we have already completed the crash structure and now I expect we are going to make a bottom head and shoulders and that indicates we are going to see at least 120% gains in the near future. The MACD is turning green and RSI is...
ACB cypher harmonic pattern: B=0.61 A C=1.42 B tp1= 0.78 A=1.27 C=$30 tp2=2 C=$105
This is not an advice. Just my thoughts about Cannabis stocks. I personally believe in the product too and the market to grow. Tilray is going to merge with Aphria on 14th of april and on 21th of may they will tell their earnings in a report. I hope to see a retest this week to the 23 area. After a break of 23 we can see more up to 30 or even higher. It's also...
RSI seems to have bottomed out. MACD has a triple cross to the upside on the shorter time frame. Possible reverse head & shoulders reversal formation forming, but we would need a break above $19.20 to really play that out. Also it made me laugh that a hedge fund is posting negative articles about this. I think they're just trying to get in to blow it up.
All of these cannabis stocks seem to be following the same trend as eachother! Tilray & Aphria merger coming soon! Tilray + Aphria = Tilray Aphria shareholders will receive .83 x 1 share of Tilray
Tilray $TLRY Canopy Growth $CGC and Aurora Cannabis $ACB are all going to continue lower over the next few months as their values realign with basic fundamentals. Looking for Tilray to hit about $7.50 in the next few months. In the meantime, there are plenty of excellent companies that a prudent investor could get into after the selling ends.
ACB has a well defined ascending trend line supporting the price which the price just bounced off of. The upper trend line is not as well defined, but I copy and pasted the bottom trend line in the assumption that ACB is in somewhat of a parallel channel with some fake-outs above. Regardless of the channel, there is resistance around ~$18 that the price has fallen...
What do I expect from $ACB (Aurora Cannabis Inc) this week? ☘️☘️☘️ This big triangle is almost ready for a breakout. He was formed throughout all 2020 so it's a start of a big move.🤑 Today we are on 12.80$ price line - the same price was in Oct 2016. And we did +60% per week: from 12.70$ to 21.85$. ✅We have a bullish cannabis sector. ✅We have a golden cross on...
ACB looks primed for a breakout after breaking it's wedge to the upside, which I believe it will close above today. There's also ~18% short interest which could result in a considerable short squeeze. I believe ACB could run to ~$20 or higher during this run, with much of the run before earnings next week. I picked up March 19th $20 strike calls for <$1 today in...
Aurora Cannabis(ACB) has formed a Wyckoff Accumulation Pattern and is currently in the ‘build up’ cycle of Phase D aftering having successfully created a ‘spring’, a ‘test’ of the spring and a ‘last point of support’. Price is currently testing the top ‘support line’ which is currently acting as resistance and stems from the ‘automatic rally’ seen back in March...
Aurora Cannabis - go long - following the Bullish Trend NYSE:ACB
Only if Biden will win the elections we can see a little bull run.