RE:Auxly trading pattern Auxly's fair market value according to Simply Wallstreet has been in the $3 CDN range for sometime now. Peer to peer comparisons clearly demonstrate that Auxly is deeply undervalued at this time.
It's no secret that Auxly's share price is being rigidly controlled by the MM's. That can only last so long. Eventually...??
Here's what I see, mates.
The trend on the SP has finally turned positive. Auxly is clearly moving off bottom after an excruciating two years of pain for investors.
No one is selling at the current level and the shorts are once again at extremely low levels.
bullrunz, noted the mechanical nature of transactions of late and it does appear algorithms have recently taken over the trading. This sits fine by me 'cause consolidation above $0.38 is required before a move into the mid $0.40s can take hold and actually stick. If this trades sideways for a week, I'm good with that. The RSI is in a solid position.
As for charts, an inverted head and shoulders pattern is prominent when looking at a 2 year chart. The second shoulder is formed by a bullish pendant that is nearly complete. Both of these supported by an upward price trend indicate the potential for a significant upward move in the near future.
We've had no official news for a month. WTF??
Are we in a blackout here FFS??
Maybe...?
The numbers have been improving and products have been well received.
Q4 and FY2020 report April 30, 2021.
Hard Maple Caramels are awesome. I know 'cause I've tried some, repeatedly.
Hang in there mates.
cheers