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AIS

2.17%

22.5¢ aeris resources limited

Now that we have the TA sorted above. Let's have a Macro...

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Exised

6,314 Posts.

3010

08/02/21

12:52

Post #: 50792896
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Originally posted by Exised: ↑

Buying more to bring my average back up to 2.9c. This is a very good level for a top up. The corrective wave looks to have formed and will now start to form the next wave 1 according to my EW count.

On the classical TA and trend view:
1. She looks marginally bearish on the Stoch (5.97) and RSI(4.26). It is a slight improvement on a very bearish Stoch (-0.04) and RSI(1.20) on the 29/01/2021 bottom. We need these two figures up to 20 and below 80 for a good sustained run.
2. On the Bol (20,2) front she has now made a golden cross, the price is now above the Lower Bol figure of $0.079. The lower Bol will start to curve up if we can maintain the current price or at least stay above $0.079 in this consolidation phase. These are good green shoots in the Bol
3. The 200 EMA still looks healthy but the 20 and 50 are in a decline. No death crosses on any of these yet and I doubt there will be if the upper Green trend line holds.
4. The upper green trend line and the dark blue level is acting as support the last 5 trading days. If the green trend line is respected then the lowest one can buy this with a reasonable chance is 8.1c and 8.2c will be where I will hit the buy if we get there.

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Now that we have the TA sorted above. Let's have a Macro Economic backdrop. AIS is a good place to be in medium to longer term..

Last edited by Exised: 08/02/21

AIS Price at posting: 8.6¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

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