Weighing cannabis by Budding via Unsplash

Aurora Cannabis Turns Bullish After Earnings

Gregor Horvat Wavetraders Wed Feb 5, 9:57AM CST
Weighing cannabis by Budding via Unsplash

Aurora Cannabis with ticker ACB was trading in an ABC correction through 2024 after a sharp and impulsive rally at the beginning of 2024. It actually formed a nice bullish setup formation at the beginning of 2025. Aurora Cannabis has just jumped on record-breaking Q3 earnings and with the current break back above trendline, seems like bulls are back in the game and we can expect more gains in 2025, just watch out on short-term pullbacks.

Aurora Cannabis Turns Bullish After Earnings ACB Daily Chart
ACB Daily Chart
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Basic bullish pattern shows that Aurora Cannabis formed a bullish setup with an impulsive five-wave rally, followed by an ABC correction, which can send the price higher by Elliott wave theory.

For more analysis like this, you may want to watch below our latest recording of a live webinar streamed on February 03 2025:

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