First Tidal Acquisition Corp T.AAA

Primary Symbol: V.AAA.P

First Tidal Acquisition Corp. is a Canada-based capital pool company. The Company's principal business is the identification and evaluation of a qualifying transaction and once identified or evaluated, to negotiate an acquisition or participation in a business subject to receipt of shareholder approval, if required, and acceptance by regulatory authorities. The Company has not generated revenues from operations.

TSXV:AAA.P - Post by User

First Tidal Acquisition Corp

Bullboard Posts

Comment by mediascan59on Sep 05, 2011 9:02am

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Post# 19011853

response to Riddicks request for TA

I am out of AAA for the moment and with the news on Friday (US unemployment), can see further pressure downward across the board on all stocks...except gold and silver of course.
As per the TA on AAA...
RSI sitting at 44 and heading down. I would look for 30 before it finds a bottom.
Slow STO already turned down, and it looks like MACD will cross over and down on Tuesday.
MA 50 and 200 are both at 1.45 and the ema20 was broken at 1.38 with the close on Friday at 1.33
The stock crossed over the center line on the BB's and has a good chance to test its bottom line of 1.22, but will have some support at 1.29 before that area.
This could be a really ugly week with the latest US news on Friday, so the support lines at 1.29, 1.22 and 1.14 could easily be tested this week.
Not a good time to catch a falling knife. Wait for a bottom and then find a position. It's not like the market is going to turn around anytime soon and only then will it be good for the quick flip for a while in my opinion.

Happy Trading all,
Mediascan

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