ACB a MJ small cap set up LONG

4月16日

Aurora Cannabis on a 15 minute chart is sitting on the dynamic support of the second lower

VWAP band in deep undervalued territory also below the high volume area of the immediate

volume profile anchored back to April 11th. The Trend indicator shows bearish momentum has

bottomed. The dual time fram RSI indicator shows RS values in the low 40s. ACB did have some

bullish volume spikes throughout the previous session. Next weekend, is National MJ Day and

a bit celebratory for stocks in this subsector. The backdrop of legalization in Germany and the

ballot initiative in Florida both have relevance and importance. Vice President Harris is pushing

the legalization as an incumbent seeking to be re-elected. All of this helps in ACB's

fundamentals and projects for future growth.

I see an upside of 15% to the recent high pivot and potentially beyond that.