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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

Post by superstar1976on Aug 19, 2012 11:23pm
227 Views
Post# 20236014

TA on AAA to start the week...

TA on AAA to start the week...

To the upside, AAA is budding up against the upper BB band and a breach of this could see a major spike (see beginning of May and 3rd week of July for similar example. The MACD is making a positive divergence. We have a green line on the Elder Impulse system, and if you look back at the last 4 months, on all but one occasion this lead to additional upside in the subsequent days afterwards. RSI is only at 59, so this suggests there is plenty of room to run before this can be considered overbought. Volume on Friday exceeded the recent average by a fair bit, with positive price action. Candles suggest a buy is confirmed also: https://americanbulls.com/StockPage.asp?CompanyTicker=AAA&MarketTicker=TSE&TYP=S

To the downside, break of 0.57 will lead to 0.54, the lower BB. Also, although the MACD is showing a positive divergence, it is still in negative territory (barely though), so caution is needed.

All in all, the upside case is far more convincing. I'll be a buyer again Monday Morning right at the opening.

This weeks target is the 200 MA at 0.73.

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