Correction.Well the steep 3 week uptrend has finally been broken. Was to be expected considering how hot this was running, all of the indicators showed that this was seriously overbought. Today's drop was also in line with the rest of the market and the POG, so is nothing to be too worried about as a shareholder (i.e. is not pumper manipulation, or fundamental issues).
The question now is: how low and for how long will it last? TA-wise, my guess is we
could see the low-mid 30's. This is based on Fib retracements, and the fact that on the daily chart the pps has been riding the 25 DMA or middle BB since mid-November, so that would be a good place to test support. So I'll be looking to buy at those levels. Now I emphasized "could", because this guess could easily go out the window with 1) news, 2) the POG/POS shooting up, or 3) some deeper pockets, deciding to jump in and buy a ton of shares.....
Anyone else have a opinion based on valid reasoning? (And no, posting that the stock is gonna drop in bold, does not count as it doesn't provide a valid reason).
https://stockcharts.com/h-sc/ui?s=AUN.V&p=D&b=5&g=0&id=p38514241154J$