JustCharts
看多

ALERT: ACB breaking out bullish from bounce!

TSX:ACB   AURORA CANNABIS INC
On this stock, stay long on bullrun and go sidelines on bear raids. It's a heavily traded stock with great price swings. The technical bounce predicted on April 9th             for the 10th occurred and was then supported by bullish news from the Whitehouse supporting States like Colorado and Washington with recreational marijuana on April 13th. Bears should look at past chart action to understand this is not a good time to be short on this high volatility stock. To fuel the bull run on Aurora, the recent acquisition of CanniMed provides it with a lot of bragging rights including 72,000 litres of cannabis oil             for both medical and recreational use as well as revenues in the $1.5B per year or more. The acquisition appears to have come in much lower than the January 2018 news releases. To add to bragging rights, Aurora has secured sponsorship rights to the famous Canadian 420 Celebration held each year in large and small cities around the country. It's held April 20th of each year. This year's celebration will be a day long affair Canada-wide. If you want evidence these stock run up on hype, watch what happens this week and into next week. Perfect trading opportunity.

On the just charts level, we have lots of runway to go and test the next serious resistance of $9.84. Given all the pending news and exposure with this sector and particular stock, don't be surprised we blow right through all the resistance into the $10s.

All traders need to remember this is a highly speculative and volatile sector. Charts provides the trends but cannot predict stock prices.

Please perform your own analysis and feel free to comment on mine. I'm a student of the markets and my quest is to learn each and every single day. Don't fall in love with your position, don't overtrade and take as many valid inputs for your trades as you can.
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
概述 個人檔案設定 帳戶和帳單 我的支援工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出