AC8 0.00% 4.0¢ auscann group holdings ltd

Chart & TA, page-264

  1. 1,461 Posts.
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    Cheers Medicca. I have a different TA take and believe it's LT downtrend is still in effect. I do believe it's in accumulation since Feb. Won't be convinced it has broken DT on the daily or weekly TA until backed up by strong volume to support any move up. So without a sector catalyst or Co Catalyst then the trend is sideways and slightly down however volume is pretty well exhausted. Monthly tells a tale. Note the MACD shifting up, Flat RSI, Stochs are primed for upward oscillation plus the major indicator being the volume has been decreasing. 5 Months of Red to date so watch for those reversal signals.sneaky.png
    https://hotcopper.com.au/data/attachments/1582/1582992-382540f35611df1137fadef4e4dd67f6.jpg
 
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