Long
Aurora Cannabis - Bullish outlook BUT....
Good night everyone,
Quick look at ACB stock
As we can see on daily chart, bullish outlook, but we are reaching a resistance level and that huge volume bars concerns me.
I expect some drop on the next days and a good place to buy is at 7~7.50 zone (demand zone) IF price action shows rejection on it like a low test candle.
The suplly waves are weak so far (just check the volume on the down waves) so i believe this stock will touch 10.0 again soon and maybe a new ATH at 14.0 level.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
Quick look at ACB stock
As we can see on daily chart, bullish outlook, but we are reaching a resistance level and that huge volume bars concerns me.
I expect some drop on the next days and a good place to buy is at 7~7.50 zone (demand zone) IF price action shows rejection on it like a low test candle.
The suplly waves are weak so far (just check the volume on the down waves) so i believe this stock will touch 10.0 again soon and maybe a new ATH at 14.0 level.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
Note
Price bounced from demand zone, good signal!Note
Price facing resistance now, a break above can start a good rally upside.Note
Enjoyed tha rally? =pnow facing resistance ;)
Note
Price did a good rally from our demand zone and now we have a pullback in action, as written before the 10.0 usd level were a target and therefore was a good price to reduce position there. Now trailing stop must be active =)
Note
Price is showing strenght, good signal, i expect a new ath soon =)
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.
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.