Canadian CANNAINVESTOR Magazine May 2017 - Page 119

Aurora Cannabis (TSXV:ACB; OTC:ACBFF)

Aurora isn’t in the same situation as Cronos in that they are trading at or above all major moving averages while Cronos is below both the 50 and the 20. Having said that, Aurora has some similarities to a lot of the others in that they recently ran up for the Trudeau legalization bill before selling off. They are trying to break the temporary down trend by making a “higher high” but it’s interesting to see that they are attempting to do so right into historical resistance at $2.80.