AC8 1.92% 13.3¢ auscann group holdings ltd

Chart & TA, page-101

  1. 287 Posts.
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    So, it repeats history again. It rallied up from 30c on no news and got a decent jump off the near term low. The question is if this one has leg or just a dead cat bounce. It's a good chance for some to take profit, others to get out even and many others to get out and buy back in later to cut some losses. I decided not to enter when it got to the 30-34c range just for a punt as I felt it was still risky. Now the risk is more than doubled what it was at 30-34c. I hope it goes side way long enough for some retail players to decide to get out or stay. This stock did not hold up for over 2 weeks after every rally in the past.

 
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