ACB - Cannabis Bubble 2.0 about to begin

2 ต.ค. 2019

Hi folks,

TA:
a potential bottom entry for ACB here. Yup, it's at 4.20 (xD).
Please keep in mind this a very aggressive entry, so properly scale in/out.
The price structure looking like a pretty textbook wyckoff reaccumulation with a heavy shakeout after the creek selloff.
Bottom of the range has a horizontal supp as well as the weekly MA200 which is quite huge in my opinion.
Right now the support seems to hold with a nice 4h engulfing candle about to close.
I have closed my short and scaled in from 4.20$. Now waiting for a weekly close above the WMA200.
Scale out below 4$..

FA:
- Aurora has been expanding and investing a lot during last year. So I would say the stock is quite underpriced at the moment and has quite good potential to grow during the next 1-2 years.
- Cannabis 2.0 is launching at Oct 17th

That's it. I am not a FA trader anyways, so do your own due dilligence.
Technicals looking great.

Cheers,
Barren