Aurora'ing back to life..will ACB burn one to get a yearly HIGH?
EMA cross (50/200) on the 2hr chart, maybe back testing the 200 EMA now. Bresserts crossover on the weekly chart in oversold territory (last time this happened, it pumped $10 in the following 2 weeks - past performance not necessarily indicative of future results).
CMF shows money flow is in positive territory, relative strength hovering just under 50 RSI. I'd like to see the price touch the $8.80-9.00 ideally, but the downside can be complete here. Semi-worst case it should hold $8.00 but still would not invalidate until major support is breached. Good R:R IMO... this one can be a volatile beast. It is possible we see a pump to the $10.90 region and a retrace to these levels again ($8.50-$9.50) before moving higher. Placing major support at $7.20, soon to move up to $7.60. Keep in mind this is the one traded on the NASDAQ in USD, so you'd have to convert support regions accordingly if trading on the TSX exchange chart. Inverted H&S formation points to $21-$23 region... but should go 'HIGH'er long term.
CMF shows money flow is in positive territory, relative strength hovering just under 50 RSI. I'd like to see the price touch the $8.80-9.00 ideally, but the downside can be complete here. Semi-worst case it should hold $8.00 but still would not invalidate until major support is breached. Good R:R IMO... this one can be a volatile beast. It is possible we see a pump to the $10.90 region and a retrace to these levels again ($8.50-$9.50) before moving higher. Placing major support at $7.20, soon to move up to $7.60. Keep in mind this is the one traded on the NASDAQ in USD, so you'd have to convert support regions accordingly if trading on the TSX exchange chart. Inverted H&S formation points to $21-$23 region... but should go 'HIGH'er long term.
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