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1.92%

13.3¢ auscann group holdings ltd

where to next?, page-1121

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RennyKogers

70 Posts.

16

19/03/19

11:30

Post #: 37807617
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Originally posted by dmaivn: ↑

We now have a new low after a bit of a pop early yesterday morning. The grinding down trend has been going for too long without a relief rally. The chart shows that time is way overdue for a sharp pop but it hasn't come. If strong resistance is around 25c (close to IPO price), we still have 26% downside to go. I guess risk takers start to feel tempted to take a position then average down. Currently the selling volume is still too high to take the risk. I guess the best way is to wait until the funds have no more profit to lock in and the selling volume dries up. It's personal perspective. I think there should be no fear of missing out on this stock. Apart from the investment in the R&D facility (not sure what the status or fit-out progress is), AusCann seems to sit on its cash not knowing what to do. With the shares going down like this, I am very surprised that they don't show what they do. It's risky to assume that they are doing everything that they have promised and might surprise investors with products in a single big announcement.

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why do you keep saying we? Clearly you are not invested in this company

AC8 Price at posting: 34.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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