ACB is positioned weak with a potential daily bear flag. Key short term levels: S: 7.92 R: 8.93
Going lower short term. Grab it at ~$6/7 and watch it fly for months.
ACB gapped up over the key resistance and saw profit taking, fighting back throughout the day to climb to a new high of day. Levels I'm watching S: 9.07 R: 9.88
Watching the ACB hourly uptrend, the loss of which will signal healthy daily consolidation is coming. A break of Thursday's high of 9.28 will have us looking for bounce continuation. Key levels: S: 8.84 R: 9.28
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Dear Traders, ACB took a huge hit, but i'm happy that thanks to my previous TA I expected a big drop. I saw a Bearish Divergence and I stayed far away from ACB, WEED, TGOD and APH. But i decided to have a look because a reversal in imminent at this price. On the 1hr chart I see a Kangaroo Tail which is a bullish pattern, and I also see that my histogram is...
Based on bearish market sentiment, I believe we could possibly see a flash crash along with the overall stock market.
ACB is the weakest 4hr setup of the three names I typically follow in the mj sector. We're in a 4hr equilibrium but the bulls are not giving any confidence here, having failed to even set a lower high the way Canopy and Aphria already have. support to hold is 9.14 and resistance is 11.29. A break of 9.14 support area and we're looking down towards 9...
Expecting a retest of the 382 from most previous leg up, eventually bearish pressure will start to show again and this market will begin to panic. Traders will take profit and investors will show their weak hands. Looking for a retrace of around $3. SL above the 382 level.
Expecting a retest of the 382 from most previous leg up, eventually bearish pressure will start to show again and this market will begin to panic. Traders will take profit and investors will show their weak hands. Looking for a retrace of around $3. SL above the 382 level.
Taking a different approach today, starting with the long term weekly chart. ACB has a bearish reversal candle on the weekly chart and a potential volume climax. The weekly trend is not at risk of being lost anytime soon because of how hard we have run up. Our weekly support currently is at 7.65 and now that we've lost the daily uptrend we are in search of a new...
ACB saw a big gap up and a big push in the first few minutes, followed by an aggressive dump spanning 20 minutes as traders took profit, knocking the stock down an immediate 16%. ACB bounced just five cents above former resistance 13.60 - former resistance now support. The RSI also rejected from a downtrend line spanning the last few weeks. The MACD on the...
Reentry price action levels to watch Description Aurora Cannabis Inc. produces and distributes medical cannabis products in Canada and internationally. It is vertically integrated and horizontally diversified across every principal segment of the value chain, including facility engineering and design, cannabis breeding and genetics research, cannabis and hemp...
ACB saw a gap-up and run open this morning on big bull volume, continuing the daily breakout from Friday and finishing the day up 10%. ACB hit a new all time high today by two pennies but that's effectively a doubletop at 15.22 so the bulls are going to need more follow through tomorrow. That shouldn't be an issue, with a close up near the high of the day.We're...
Yesterday I pointed out that ACB needed to regain the hourly uptrend as a sign for a continued bull move. Anybody who acted on that signal had a very profitable day today! The key was 12.98 and if you bought that you would be up 6% already! ACB has been the most bullish chart for a couple weeks, and today saw that play out with a key break. The key daily break...
ACB looked to be trying to print a daily bull flag but the pullback today and close near the low is more than enough to negate that in my mind. I find the clearest picture on the 1h4 chart where we have a clear downtrend of lower highs and lower lows. Our lower high of resistance is the high of the afternoon bounce 12.90 and high of the day 12.94 but really...
ACB had a big gap up on the release of their impending NYSE uplisting, however the bulls we're able to get much followthrough and spent most of the day consolidating sideways with choppy action, setting a new high of day only to break the low of day a couple hours later. The daily chart shows RSI breaking out bast its resistance trendline but the doubletop at...
Having to look at US graphs and if the breakout wasnt confirmed earlier, it defenetly is now. Looking to long to around $12 US (around $15 CAD) if volumee stays as constant and strong as its demonstrated already