AURORA CANNABIS INC
Long

Aurora upward trend to ATH?

231
Not Trading Advises. only for learning. Appreciate feedback and criticism
I think Aurora is in a upward trend to its ATH price range based on the following:
• HH & LL
• RSI showing positive signals and positive momentum
• Volume increased
• Structure/Support at $9 Cad, not sure how strong the support is, and if the support is hold at $9, i interpret it as bulls have control over the stock and expect to see higher SP.
• Respecting 200 Ma, and trading over 50 Ma.

• By and large $ 175 millions Cad in revenue Q4/Q1 2019/2020, by and large $700 millions – $ 1.2 Billions Cad Revenue 2020. ( PE 10 on today's price ) and expected to grow in to a Billion dollar quarterly revenue company,
• Aurora is getting traction in the media. Buy rating.
• Cannabis market is getting more love every week, being talked about more and more, many times a week on Yahoo Finance, and Aurora is often mentioned.
• Higher marginal products coming online

Target: $12-$13.
If the price drop under $9 Cad, trade is not viable. ( my rule )

Disclosure: Aurora is my biggest holding, resp 30%. Planing to hold for life if the company continues to grow.
Not Trading Advises.

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