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April 30, 2023
Friday at a glance: after ending Thursday at 59.5 cents, Aurora Cannabis went up to 60.82 cents only to drop back, yet still traded well overall and closed at 60 cents Friday.
Aurora Cannabis Inc.'s lower Bollinger Band® is at 56.6416 cents, indicating that the market is oversold and fertile for new buyers. In contrast, Aurora Cannabis is 1 cents away from testing key resistance at 61.0433 cents. Peaking above this level could inspire market bulls and open the path to further gains.
Overall, looking at the technical analysis landscape, it seems Aurora Cannabis might continue pointing upwards in the short term.
Elsewhere, United States ISM Manufacturing PMI (Apr) is expected tomorrow at 14:00 UTC.
Pointing downwards for around 2 months. The Canadian cannabis producer reached a significant high of $3.19 around 11 months ago but has lost 81.35% since then.
