Gusman1970

AEI - At support, expect move higher with fundamentals

Long
ASX:AEI   AERIS ENVIRONMENTAL LTD
Could be clutching at straws but plenty of upside potential. 4h chart nice test of support with an intraday bounce along with slight pick up in volume after the recent selloff. Nice round number 50c and 50% fib retracement from March 2019 lows. Fundamentals lining up as well, Awaiting approval in the US expected next 2 weeks (Significant manufacturing capacity already in place ready to go), China ramping up, April booked revenues more than March quarter. Covid numbers unfortunately getting worse.
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