AUXLY - Techincal Analysis
Updated
Dear Traders,
After a 116% run, AUXLY is arming it self for a new breakout. Price action is above the 55,100 and 200 ema on the hourly Chart, which is bullish. The MACD just crossed downwards, which should be bearish, we will know soon. If AUXLY's price manages to stay above those EMA's, I would enter a trade. That 200 ema looks like a perfect entry point.
A breakout above 1.25 would confirm that this is a bullish trend. BUT that 200 ema must hold.
About Auxly Cannabis Group Inc.
Cannabis Wheaton Income Corp is an investment and merchant company. It seeks to provide investor returns through streams and capital appreciation in the cannabis industry of Canada.
After a 116% run, AUXLY is arming it self for a new breakout. Price action is above the 55,100 and 200 ema on the hourly Chart, which is bullish. The MACD just crossed downwards, which should be bearish, we will know soon. If AUXLY's price manages to stay above those EMA's, I would enter a trade. That 200 ema looks like a perfect entry point.
A breakout above 1.25 would confirm that this is a bullish trend. BUT that 200 ema must hold.
About Auxly Cannabis Group Inc.
Cannabis Wheaton Income Corp is an investment and merchant company. It seeks to provide investor returns through streams and capital appreciation in the cannabis industry of Canada.
Note
I thought we were going to see a run, but unfortunately, there wasn't enough volume to really breakout. This could be a bad sign.This stock needs good news to get more Buying Power.
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