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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 30, 2012 11:47pm
292 Views
Post# 20282801

Updated TA on AAA...

Updated TA on AAA...

I won't have time to post tomorrow as I am on vacation, but here goes.

I'm still nuetral short term on the direction for AAA only because the analyst conference should be positive for the stock, or if nothing comes of it, then things will look really bearish.   Reason I say this, is the technical reasons why it could get bad is starting to tip the balance slightly, with the SP at 0.60, just above the mid BB range of 0.59.  That number is key as a close below this targets the lower BB at 0.54 and while I don't think it gets there before Sept 5th, if the general markets tank it could happen.  The other reason I see downward risks is that the MACD is now pointing down about to negatively diverge.

Sorry this wasn't more positive.  Only stating what the charts are suggesting, nothing is perfect, just like there was no follow through on the upside once 0.62 was broken as I thought the 200 DMA was almost a certainty.  Only reason I had sold was not wanting to hold my shares over the weekend last week.  Turned out to be a lucky move.

Better days ahead I'm sure.

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