AC8 1.92% 13.3¢ auscann group holdings ltd

Yeah I was actually wondering if there was even a chart thread...

  1. 224 Posts.
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    Yeah I was actually wondering if there was even a chart thread on AC8. Very surprising there wasn't given it has a lot of data to assist plotting.

    On night shift and was actually tweaking my own as you posted.
    Looking at the daily I have:

    Solid volume selling into the downtrend
    RSI still room before in oversold territory
    MACD bearish crossover and breaking 0.00 line.
    Slow Stoch Oscillator oversold but not reading into that too much right now.

    As for the chart and magic 8ball shake shake shake:
    Black solids are hard support / resistance
    Greys are softer support / resistance
    The rest is pretty self explanatory where I think it will head.
    https://hotcopper.com.au/posts/37378687/single

    I will respectfully disagree with your last statement though. Sheet loads of cash in the AC8 kitty and a path to commercialisation...all be it slower than most want...
    MC hasn't even begun it's trajectory yet. It's all about accumulation in various MC for now.

    Cheers for your chart and hopefully more posters will do likewise here now. Great to have alternate analysis on TA.

    https://hotcopper.com.au/data/attachments/1433/1433025-93d9fb9e7a2488c3370fc81276fe22a0.jpg



 
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