Hi VVS, I originally came across AEB via technical indicator...

Hi VVS,

I originally came across AEB via technical indicator screen for stocks below their 100 day MA with volume greater than 5 times 50 day MA in last 10 days which occurred on the 22nd Dec for AEB and I threw it in my watch list then.
I bought in on the 3rd Jan on increasing volume and break of 100 day MA. It really was the right place at the right time for me as it took off the very next day and that doesn't happen very often.

The current indicators I'm using to buy in again is the fact it has retraced back to its original breakout price, is under the 100 MA and is still in a pennant formation.

Mind you the signal is only confirmed on volume breakout but I decided to get in early on so I don't miss that first 20% or so and I don't see much downside.

The reasons I believe the downside to be minimal are;
1) The lowest AEB has been over the last 3 years is 1.8c and that was oversold territory
2) The average trading range in that period was 3.7 - 4.5 with a few spikes in between
3) This is the cheapest (Market Cap) pot stock on the ASX
4) In my experience most stocks that have a spike with big volume will have another run after retracement.

Therefore even if I'm wrong with my current analysis / time periods for price movement and breakout I think my risk is minimal because if it turns down it wouldn't be for long due to price history and with everything that is happening in the Medical Marijuana space at the moment.