ACB = Aurora Cannabis .. the two-year cycle is ready to start again .. The Graph has been very clear in the past, and not surprisingly by November 15th 2022 the US Department of State will be full of news, the plan now is in the hands of the Alliance is the great Trump .. Biden is an actor .. who plays the role of a Deep State who is exposed specifically to show...
This is just a thought here - although this appears to be a never-ending downtrend, I wonder if this on-balance volume divergence signals something. This shows that buyers are willing to step in here a bit more aggressively than the previous "bottom," as shown by higher OBV despite lower prices - even though OBV has declined overall since its peak. We're also...
There seems a strong opportunity in the stock for the following reasons :
The chart made a bottoming pattern.
The price failed to reach the support for The 3rd time.
The price broke above the down trend.
The price broke above the resistance.
The price is above the 30d MA.
Aurora Cannabis Inc. produces, distributes, and sells cannabis and cannabis derivative products in Canada and internationally. It also engages in facility engineering and design, cannabis breeding, research, production, derivatives, product development, wholesale, and retail distribution activities. The company produces various strains of dried cannabis, cannabis...
A close above 1.48 could lead us toward 1.99 and 2.21 as next targets but ACB is IMO not a company where you should put your savings so this is for me just a little gamble. Stop 1.40
I think this is more likely to outperform LABU in the intermediate term. Stock is also significantly below book value and has a very high current ratio. Its priced as if bankruptcy is likely, and its clearly not.
Aurora Cannabis (ACB) has managed to give up 99% of its value since its October 2018 high.
Certainly this is wealth destruction at its finest.
I can find no technical reason to jump in here other than its at the bottom of a channel (pitchfork) and has a gap that needs to be eventually filled.
(This is a TSX chart as they are open today).
For many this...
The last stage: Panic
Stage 3: Panic
As the bull quickly turns into a bear, investors may become desperate and start panicking. All traces of confidence are now gone and investors are now looking to minimize losses. Some spirits will be crushed entirely, leaving them to wonder if the market will recover at all.
Everytime I post longs on this stock I get a bunch of salty HODLERS that say they're done with this garbage stock. Earnings have been bad but with Cannabis on the verge of federal legalization and presidents handing out amnesty for cannabis convictions is a good sign for the future.
Its been a long time since I traded this stock .
I remember trading it back in 2018 - 2019 at its ATH on eToro .
On the weekly time frame it had a nice bounce around the $2.85 area . I would like to see the price passing through the $5 resistance area and turning into a support zone .
From the 4th quarter of 2019 the stock is in a downtrend , I remember back in...
