Australis Capital had a drop and created a buying opportunity!
Hey,
I am very new here and I am mostly into the Cannabis sector.
Anyway,
Australis capital ( AUSA ) had a big drop recently and usually it drops to the 80-90 cent range ( CAD ) but this time it went all the way to 70 ish cents which for me is a massive drop and has created a nice buying opportunity. Australis is based in USA and are working together with Aurora Cannabis which is number one revenue generating company and they have plans to expand in the US, also US is making cannabis legal and it should be legal in all states by the end of this year which is positive for Australis. I see Australis easily go to 1$ ( CAD ) in the near term ( one month ). The indicators are not pointing up at the moment so if you want to be on the safe side you could wait for MacD signals for example to give you green light, the RSI is at the lows.
Peace!
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