mrmiri
Panjang

ACB HUGE BREAKOUT COMING (Aurora Cannabis)

TSX:ACB   AURORA CANNABIS INC
Inverse head and shoulders pattern has formed on the daily chart for ACB. It has tested a bottom three times and has been in tight consolidating patterns for the last 21 days -- the longest period of consolidation yet in the stock's history. Bollinger bands have tightened signaling a nearing breakout, with bear volume reducing and bull volume increasing, signaling an imminent breakout to the upside.

Whether you check the weekly or the daily chart , the inverse head and shoulders pattern has completed and the stock is signaling a strong upwards movement.

On the weekly chart we've formed higher highs three weeks in a row with increasing bull volume . Anticipate huge volume next week and a breakout.
I do not see anything close to a H&S pattern.
Balas
mrmiri orDave
@orDave, You'll have to zoom out a bit. Unfortunately the graph is cut off, and I could not edit the chart after publishing to show the last ~25 days.
Balas
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