RE: RE: TA people please help... Don`t worry here guys, ignore the daily noise and hold on or buy more on pullbacks. If you`re at all nervous, just look at the 2 year weekly chart which is a thing of beauty. A couple things to note:
1. We have tested $1.10 twice now, the soon-to-be third time should be the charm.
2. This week`s test of $1.10 was on the fifth highest BUY volume of the past 2 years.
3. The MACD and Slow Stoch have had posititve crossovers with plenty of room to go, also evidenced by the bullish RSI.
3. The move from
.55 to $1.07 then back to
.75 was a classic 61.8% FIB retracement, which means the upside FIB target is around $1.50. Very doable with no real resistance prices after $1.10.
4. We may drop some from here (need to consolidate as per the daily chart) but I see
.90 being good support. It`s the 10WMA, a 38.2% FIB retracement between
.55 and $1.10, and also the uptrend line from
.225 in July 2011 through
.55 in October 2012.
.90 is also around the 50 and 100 DMA.
J$
https://stockcharts.com/h-sc/ui?s=AUN.V&p=W&yr=2&mn=0&dy=0&id=p47428330337