Highrisk221

Aurora Cannabis Bull Run 36 USD

Long
NASDAQ:ACB   Aurora Cannabis Inc
After a long 5 wave downward movement which ended on 29 October 2020, Aurora fought itself back with an ABC upward correction on 30 November, it followed an ascending pennant with approx. 15 USD wärend during a 5 wave upward movement its goal had. Wave 5 ended on 11 February 2021 and it followed a renewed 5 wave downward movement to 17 May 2021.

This was followed by an ABC upward correction followed by a 5 wave downward movement which ended on 20 July.

Since then Aurora is in a range and runs into the top of a triangle formation.

If the price would break out upward from the triangle, a Bullische SKS would be at approx. 19.54 in the confirmation and would have as a goal 36.06 USD

Short alternative on a downside breakout from the triangle, I would see 5.34 as the next support for further upside moves and thus set my target for a short position at 5.50.

RSI Neutral 45.77

CCI 20 -8.93 Neutral

MACD Crosses Bullish from the lines

Vortex diverges Bullish

EMAS 20 50 200 Currently active as resistance


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