AC8 1.92% 13.3¢ auscann group holdings ltd

where to next?, page-519

  1. 224 Posts.
    lightbulb Created with Sketch. 198
    Long red candle on volume is bearish
    MACD recent crossover is bearish
    RSI still more room before entering oversold territory is bearish
    If no bounce here then likely test the .46c low after breaking the primary down trend line beginning May 2018. Could form a solid double bottom if .46c holds or as @avagadro mentioned a new higher low will form from today's low. If .46c breaks on volume then I see .40c range as next support level and strong bounce from there could occur.

    Leading indicators for AC8 reversal is being oversold for the RSI followed by a MACD Crossover. Strong bounces have followed these reversals in the past. Great for swing trading sneaky.png.

    Once reversal occurs a move to .59c is on the cards.
    Alternate TA analysis welcome. 

    IMO and gamble responsibly.

    https://hotcopper.com.au/data/attachments/1427/1427850-23021e7bf2a6fdc3313743f0b81952bf.jpg
 
watchlist Created with Sketch. Add AC8 (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.