ACB what is it going to be?
The smartest company in the game, still in charge of their own board. Guided earnings, moving closer to positive EBITDA, I think we can safely say that Aurora is not burning through a Billion $ per quarter. We won't see $250.000.000 losses per quarter either. ACB doesn't 'deserve' to be dragged down by broader market fears. By now, it is clear that ACB SHOULD really be the biggest cannabis company by market cap. I believe this will happen before long, but until that time comes, we still need to look at the daily charts for short term direction.
Personally, I think ACB is stuck between key support $5.50 and key resistance $6.20. Buyers will get on board above $6.20, but if bulls can't hold $5.50, we'll see a continued move down, to $5.35 and perhaps even $4.80.
Not the strongest stock to hold in case a recession sets in, but that could still be months away, and may in fact never happen.
Just my 2 cents, its free...
Personally, I think ACB is stuck between key support $5.50 and key resistance $6.20. Buyers will get on board above $6.20, but if bulls can't hold $5.50, we'll see a continued move down, to $5.35 and perhaps even $4.80.
Not the strongest stock to hold in case a recession sets in, but that could still be months away, and may in fact never happen.
Just my 2 cents, its free...
🅱🄰🆁🅺🆆🄾🆁🆃🅷
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🅱🄰🆁🅺🆆🄾🆁🆃🅷
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.