Auscann Breakout!!! Long

AUSCANN GROUP HOLDINGS LTDASX

Description

⋅ Feb 10, 2021 5:16 AM

Picture perfect

AC8 breaks out of the triangle and looks posed to double in value from here

Last weeks news regarding pharmacies allowed to sell over the counter CBD oil is positive news for the medicinal Cannibis sector

Today with the break out we formed Bullish indicators on the Stochastic RSI, MACD and both EMA, MA on this daily timeframe.

Comments

cheerfulAntelo25342

⋅ Apr 12, 2021 12:39 AM

previous highs on closing lower indicates weakness in the stock.

BanoAU

⋅ Feb 17, 2021 9:50 AM

i went long AC8 same day...... double bottom with solid support above 200MA ... and the recent news on cbd... aussie canna starting to retail is a great sign for imminant income growth of the sector