Aurora Cannabis about to BOUNCE 30% !!! GREAT SWING TRADE SETUP
NYSE:ACB
Aurora Cannabis has a strong chance of a bounce back based on multiple factors:
1. Falling wedge (bullish pattern)
2. Strong support in $9.50 area
3. D1, H4, H1 oscillators in the oversold area.
Based on those factors it is a good setup for a long position with:
entry at: $9.70
TP: $13.22 (which is a level near 200 EMA)
SL: $8.86
Risk/Reward ratio: 1:4.25
Aurora Cannabis has a strong chance of a bounce back based on multiple factors:
1. Falling wedge (bullish pattern)
2. Strong support in $9.50 area
3. D1, H4, H1 oscillators in the oversold area.
Based on those factors it is a good setup for a long position with:
entry at: $9.70
TP: $13.22 (which is a level near 200 EMA)
SL: $8.86
Risk/Reward ratio: 1:4.25
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