Aurora Cannabis Inc T.ACB

Alternate Symbol(s): T.ACB.WS.U | ACB

Healthcare Cannabis

Aurora Cannabis Inc. is a Canada-based medical cannabis company. The Company's principal business lines are focused on the production, distribution, and sale of cannabis related products in Canada and internationally. The Company’s segments include Canadian Cannabis, European Cannabis and Plant Propagation. The Company's adult-use brand portfolio includes Aurora Drift, San Rafael '71, Daily Special, Whistler, Being and Greybeard, as well as CBD brands, Reliva and KG7. Its medical cannabis brands include MedReleaf, CanniMed, Aurora and Whistler Medical Marijuana Co, as well as international brands, Pedanios, Bidiol and CraftPlant. Its cannabis products are primarily cultivated and manufactured in the facilities in Edmonton, Alberta; Bradford Ontario; Pemberton, British Columbia, and Odense, Denmark. The Company is focused on offering its cannabis products to global medical cannabis market, recreational cannabis market and global hemp-derived cannabidiol (CBD) markets.

TSX:ACB - Post by User

Aurora Cannabis Inc

Bullboard Posts

Comment by EquityInveston Mar 07, 2018 6:46am

254 Views

Post# 27673720

RE:RE:MartialArts - Tomorrow's technical projection

Thank you MA for sharing your current strategies and overall market view. There is so much uncertainties right now and mj sector also had a recent mini bull run.

Your posts are very much valued and appreciated.

GLTA.

MartialArts wrote:
EI, I wish I could guide you but things are too volatile to do that end of day. We'd have to be discussing the bank sector or something much less volatile. I'm so busy "flipping" during the day watching charts that it's not a "stable" sector. I try to pop in more often but being here doesn't make me money, watching the charts and markets makes me money or helps me avoid losing money.

I can tell you what I'm doing and what I'm seeing right now but keep in mind, markets change on a dime and I'm the type of trader that can go to mostly cash intraday and would be too busy to post that.

I'm coming back in and on the trading side am back in to several names. I'm rediversifying away from this sector as well. APS (a cancer true biotech flashed on my screener this week) and some oils seem to be making a comeback, maybe.

On the MJ sector, I like WEED as its uptrending with some possible pullback tomorrow after a nice run from $27. It will likely take a breather, I sold above $34 today, rebought at $33 but I'm expecting a dip. If you daytrade, use the 1min to 5 min charts and use CCI and RSI on the short term and the 1 hour chart for intraday direction.

I'm holding on to my core CMED which is by far my largest holding, WEED being #2 since I feel CMED/ACB will uptrend heading into take up day which is tomorrow to Friday.

I ended up selling APH because it's not behaving and the root cause appears to be dillution from recent acquisitions. The APH OBV Is bearish, it seems to need more time. ACB appears to be ready to take off first.

Also looking for my next "CMED" since I did really well there as a take-over target. I think I found one but am doing more DD on it with some assistance from like minded traders.

I'm also watching the overall markets and still am nervous. So back to be a "nervous bull". But the MACD bullish crossovers on the daily charts appear to be consistent with ACB, CMED, and even laggard APH.

Hope that helps you get an idea of what to look for when looking at some of the charts. If you have any questions, let me know. Take care and stay safe.