Ambition100

Politics & Public Sentiment Affects

OTC:AUNFF   Aurcana Silver Corporation
After July 16th, there was a complete down-trend and formed a (Small) Cup and Handle which trended up-ward. Then a resistance level began on August the 2nd of 2021 with a support Level on August the 17th of 2021. When peaking past the last resistance level on August 2nd of 2021, Aurcana began trending higher but resistance occurred again on September 3rd of 2021. Thereafter, Aurcana has been in a bearish state ever since. On November the 8th of 2021, there was a sharp bounce trending upward that appeared as a support level had occurred, but a sharp drop in price, from $0.55 to $0.30 on November the 23rd of 2021. Where, news of an incident that will cause production to slow underground. Going forward, there will be a new Support and Resistance level that will in-turn create a cup-and-handle formation. Once this occurs, this stock will trend higher which will induce positive sentiment that will allow the price to trend higher reaching, the previous high of January 5th of 2021 at $0.95.
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