Wedge Breakout in Motion – 317% Potential Toward Channel Up

📍 Ticker: ACB (Aurora Cannabis Inc.)
📆 Timeframe: 1D (Daily)
📉 Price: $4.71
📊 Volume: 1.22M
📈 RSI: 42.76 (rising from oversold territory)

🔍 Technical Setup:
After years of decline, ACB has broken out of a large descending wedge, with price pushing above downtrend resistance and reclaiming horizontal support.

🔼 Breakout Structure: Descending wedge + horizontal base
📉 Bear market floor established at ~$3.00
📈 Next key level: ~$5.60, then $9.00+

💠 Price projection drawn within expanding ascending channel, targeting mid-to-upper range reversion over time.

🧠 Trade Plan & Price Targets:
✅ Entry Zone: $4.60–$4.80 (confirmed breakout, medium risk)
✅ Entry Zone: $3.60–$3.80 (full gap retest, lower risk)
✅ Entry Zone: $2.95–$3.10 (Lowest low, lowest risk)

❌ Stop-Loss: Close below $4.00 (failed retest + support invalidation)
❌ Stop-Loss 2: Close below $3.55 (Lower than the biggest gap low level)
❌ Stop-Loss 3: Close below $2.84 (Lower than the lowest low)

🎯 Target 1: $5.60
→ 📈 Return: +18.9%

🎯 Target 2: $9.00
→ 📈 Return: +91.0%

🎯 Target 3: $15.00
→ 📈 Return: +217.0%

⚠️ Key Insights:
RSI curling up from below 40 = momentum shift

Short interest remains high → potential short squeeze trigger

Price is now above long-term downtrend — trend reversal scenario in play

Macro sentiment toward cannabis may act as catalyst
Still haven't started the biggest US market

💬 Can Aurora Cannabis light up again and return to its long-term channel highs?
Follow for more setups with asymmetric risk/reward.
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