Aurora Cannabis turns bullish after earnings [Video]

Gregor Horvat Wavetraders

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.

ACB daily chart

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.

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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