MysteriousPersian

patience is key, buying opportunity coming up!

Long
TSX:ACB   AURORA CANNABIS INC
ACB flat-lined a bit as described in the post linked below. making a small consolidation and is now starting a retreat to a hopefully oversold price (maybe sub $7.00 hopefully).

I want to draw attention to the big head and shoulders pattern that has formed. If the price were to break under $5 Id be very worried for the long term outlook for this stock. That being said I'm bullish on the weed market still, and i'm betting on a strong refusal of this pattern given the current bullish state of the Canadian marijuana market.

This is a long setup but short term short.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.