Aurora is reaching a nice extension from the previous bullish swing and is currently oversold on multiple smaller timeframes. The Stochastic has already crossed bullish at the bottom and bears are exausted.
A minor move to raise the weekly close may be seen today. If not, I will update new targets. The RSI hasn't been low very often this year so a bounce is not unlikely. First resistance tends to be at Kijun (red line).
Smaller bullish divergence already on 1 hour TF.
May be good for long term positioning. Blue line indicates a bullish confirmation
A minor move to raise the weekly close may be seen today. If not, I will update new targets. The RSI hasn't been low very often this year so a bounce is not unlikely. First resistance tends to be at Kijun (red line).
Smaller bullish divergence already on 1 hour TF.
May be good for long term positioning. Blue line indicates a bullish confirmation
Nota
Once again a critical level for this weekly close. Small bullish divergence forming on RSI while being very oversold. A minor pump to reset the indicators could occur but as long as it's moving below 8 CAD, this is a risky trade.Nota
New buy-in at 6.98Dagangan ditutup: hentian tercapai
This was indeed knife-catching with low reward ratio. Next range is 6.20-6.40 CAD for the first wave before the parabolic run in the beginning of the year.Nota
Still expecting a strong bounce soon though.The RSI is still holding up for divergence. 7.70-8 CAD will be the target when that happens.Nota
The Ichimoku gives indication for a Kumo cross on multiple Cannabis stocks between the dates 21.8 and 27.8Dagangan ditutup: sasaran tercapai
New scale-in below is now in profit after the run up to 10 CAD
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.