2 Cannabis stocks to watch this month

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$ACB Waiting to get in

$acb stock
$acb aurora cannabis

Technical analysis ACB

 

  • Testing previous support, now resistance and pivot point at $5.30.
  • Old support at $4.18 – $3.79.
  • MACD crossing (buy signal) but under 200EMA not the most reliable signal at this levels.
  • Weekly candle double tweezer.

 

About $ACB

Canadian marijuana grower Aurora Cannabis Inc. is considered one of the best stocks with full exposure to the cannabis industry. Aurora is one of the largest cannabis companies in the world. It operates numerous licensed production facilities, and holds licenses for sales and operations in a long list of countries. In recent times the company it’s facing economic difficulties but still one of the biggest players in the cannabis industry.

$CGC. Can hit previous resistance at $22

CGC technical analysis

Technical analysis CGC

 

    • 200 EMA pierced and acting as resistance.
    • Next resistance at $22.
    • RSI correction, but bullish.
    • MACD bullish.
    • Forming flag pattern.

About $CGC

Canopy Growth is the largest marijuana company in the world by market capitalization. It is also one of the largest in terms of financed production capacity, with figures over 500,000 kg. The company is moving fast in terms of expanding its licensed cultivation space. It started the year with more than seven hectares, but recently declared to have reached a licensed platform of forty hectares. In total, Canopy has a production platform of 52 hectares, of which 75% is now licensed.