Aurora Cannabis Inc T.ACB

RE:RE:ACB, APH, WEED, HMMJ and indexes bearish

[Oicu81too]

Here is the thing... Please contribute positive thinking information with mathematical equations that will baffle most people except the people here....They will tell if Einstein was right or not!

Trends1 wrote: These stocks have been trading in ranges and can be very volatile within the range. When the range is broken to the upside it moves fast then establishes a new range. These ranges can be large. Aurora is approx 10-14 now and canopy is 30-40. Most of the cannabis stock are at or near the bottom of there ranges, selling or shorting now is the worst thing you could do no matter what some indicator is saying. You buy at the bottom of a range, sell at the top. If the range is broken to the downside selling would be a smart move.

MartialArts wrote: The four stocks to watch in this sector.

ACB is sell and stay in cash as of the 29th
APH is short signal as of yesterday
Weed was also short as of yesterday but is showing a bullish harami on the candlesticks
HMMJ ETF is sell and stay in cash as of the 29th

The S&P which is the fortune 500 companies tend to sell off on any strength on the 5 min chart as it did at the end of day today. That's a lingering concern but could simply be part of regular, healthy pullbacks.

I've had to take some positions off the table to respect the technical indicators. But I'm still long. The OBV and SCTR on the S&P SPY ETF as other traders follow is still bullish so this really appears to be a normal pullback which is healthy.

Charts on the MJ sector are mixed.  WEED OBV appears to be breaking down?  But CCI shows oversold and still positive money flows CFM.  We're hitting some critical support levels which will decide if we head  down or up.  I 100% agree that traders and investors should check WEED for guidance.

I've told friend to hang on tight since the next day or so will guide us but on the wider markets and in this sector.

If you are a technical trader, please post the reasoning behind your position.  Simply saying "Gap up" or "Gap down" doesn't do anything except it angers the longer term investors.  I feel it's important for investors to respect traders and traders to respect investors.  We can all learn and help each other.   

Best of luck to all everyone.