Mid way through the first full trading week of march we are seeing continued strength as price action appears to be attempting to break through a major level of resistance that has acted as a historic pivot point to the downside.
Aurora Cannabis earns a $14 analyst price target and the share price responds in a positive manner for the two trading sessions following the coverage. Although today’s price action appears as a rejection again, I feel different about the price action surrounding that resistance line. The longer term bull trend does remain in action as we are seeing a continued posting of higher highs and lower lows.
Charts Reviewed in Today’s Video:
Horizons Marijuana Life Sciences ETF (HMMJ)
Aurora Cannabis (ACB)
Canopy Growth Corporation (CGC WEED)
48North Cannabis Corporation (NRTH)
Braingrid Limited (BGRD)
3 Sixty Risk Solutions (SAFE)
All of the above stocks are either on the Toronto Stock Exchange (TSX) or Canadian Securities Exchange (CSE), all of which have an OTC (US) or New York Stock Exchange (NYSE) equivalent ticker.
Disclaimer: Investing in the stock market is risky and should be completed through a professional financial advisor / firm. These videos are for entertainment purposes only.