RE:RE:RE:RE:Some analysis for the next days/weeks@Foundryman
Right now the resistance is 0.17$ and the support is at 0,15$. Today we saw a nice support for AAB at 0,15$ but more important a buying pressure is building up. The intraday breakout was a good sign of strength. If we breach the 0,17$, volume will increase as this is 1 year resistance level and if we breach the 0,20$ resistance you will see significant volume (many millions of shares) as this will be the exit point of many old investor and entry point of new player. After 0,20$ AAB will be free to go up without no old resistance and new trading range will settle and so on.
I am excited for tomorrow because it's ready for a 1 year weekly breakout. And tomorrow it's Friday so it's the closing day for a weekly chart, let's see how this week will end.
For a nice breakout I would like to see a minimum of 6 millions shares traded, the higher volume and the better it is.
I see AAB ending this year above 0,20$ and hitting 0,30$ mark :-)
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