AC for you hangers or bottom feedersCritical Price Levels Updated
Key Technical Points
Current Price: C$13.96
Point of Control (POC): C$18.50 (Major volume node)
Line in Sand: C$19.50
Support: C$12.80
Volume Profile Significance
POC at C$18.50 shows highest traded volume
Large visual spike confirms strong historical interest
Only C$1.00 gap between POC and Line in Sand (C$18.50 → C$19.50)
Validates our overall bullish thesis
Enhanced Technical Framework
Key Levels Hierarchy
Line in Sand: C$19.50 (Ultimate resistance)
POC: C$18.50 (High volume node/psychological level)
Current Price: C$13.96
Support: C$12.80
Price Targets Updated
To POC: C$4.54 (32.5% upside)
To Line in Sand: C$5.54 (39.7% upside)
Natural resistance expected at POC (C$18.50)
Trading Strategy Refinement
Position Management
Primary target: C$18.50 (POC)
Ultimate target: C$19.50 (Line in Sand)
Suggested scaling plan:
First scale: C$16.00
Second scale: C$18.50 (POC)
Final portion: C$19.50
Volume Profile Implications
High volume at C$18.50 suggests strong historical reference
Expect initial resistance at POC
Volume spike validates price memory at this level
Risk/Reward Analysis Updated
Measured Moves
Risk (to support): C$1.16
Reward to POC: C$4.54
Additional reward to Line in Sand: C$1.00
R/R ratio to POC: ~3.9:1
Total R/R ratio: ~4.8:1
Key Observations
Technical Confluence
POC (C$18.50) near Line in Sand (C$19.50)
Volume profile validates our technical levels
Strong historical volume supports target zones
Strategic Implications
Volume profile adds confidence to upside targets
POC provides additional reference for position management
Natural scaling point at high-volume node (C$18.50)
This volume profile analysis with POC at C$18.50 provides strong validation of our technical framework and adds confidence to our upside targets. The proximity of the POC to our Line in Sand suggests significant historical price acceptance near our ultimate target, strengthening our technical thesis.
