TSXV:AUN.H - Post by User
Post by
JonEcashon Jul 19, 2007 5:28pm
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Post# 13119581
AUN weekly chart.
AUN weekly chart.Whoever was with BMO and sold that last 5K to put as at $1.34 is a goof. Especially since we were at $1.37 minutes before the close.
Anyways, I don't expect much from AUN tomorrow with it being a Friday. We may see some profit taking after the decent move this week. So because of that (unless you are a trader), I suggest people should focus on the medium-term prospects rather than the daily fluctuations. And IMHO things couldn't look better technically as indicated by this weekly chart:
https://stockcharts.com/h-sc/ui?s=AUN.V&p=W&yr=1&mn=0&dy=0&id=p17877123496
The usual yada yada: Bounce off the 50DMA to get out of the downtrend. Indicators (RSI, stochs, WM% etc.) are near bottoms allowing for a long way to run when it happens. The current move is also well within the BB's so no worries there. I especially like the divergence where even though the pps was dropping, the stock was under heavy accumulation. Lastly I decided to layer in the volume by price, showing where lots of the past year's trading (buying) took place at; which can be a good indicator of support. Feel free to chime in with your own opinions.
J$
ps. I hope I'm wrong and the company decides to surprise us with the 43-101 tomorrow.