AURORA BULLISH SETUPACU is now recovering back to its old support and has the potential to gain momentum from the load-zone for a swing to the following targets.
ACU trade ideas
HIGH RISK PENNY STOCK WITH A GREAT PRODUCT?after advancing above the 10 and 20 month moving average on increasing volume, this stock has doubled and broken out on continued strong volume. The chart can be interpreted as a '"W BOTTOM" of a 5 year base. I am long from $.15 and expect the stock to trade at it's previous highs around $.60. ACU is part of a growing industry and has strong revenue growth estimates and large gross margins, it is a penny stock and the company has risks and uncertainties particular to their business and should be treated as HIGH RISK and therefore HIGH REWARD
ACU.CA: Ascending Triangle, confirmedAscending Triangle, confirmed
Pros:
Descending volume during formation
Prak volume at break out
PPS above 50MA and 200MA
RS above 0, but kid of flat
ATR Ascending
R/R ratio above 9
250RSI above 50
200MA ascending
Target:
PT = 0.405$
Aurora Clean Tech RisingAurora Solar Technologies a low float big potential company. Fully diluted share count of just over $96 mil along with Sales presence in Asia, 50% gross Margin, and a current addressable market of $435 mil + in the growing clean energy sector.
They provide a suite of In- line Solar cell visualization and diagnostic equipment to aid in the manufacturing of solar Cells, Allowing companies to cut cost due to Labor and poor cell quality. They have been obtaining repeat orders / larger orders of this suite of Equipment as well as just received a order from the world's largest Solar Cell Manufacture which speaks volumes to where this company is heading.
Currently in a bullish up trend trading just above its .115 support and with both dema 11/22 cross and moving higher along with A/D above its ema I see lots of short term influence to keep this stock rising. Financials at End of Feb and news of any more new volume orders should break through .15 and reaching .19 in Feb. I currently hold a mid term goal of .26 but with growing orders new improvements to the system along with order from World Largest manufacture and the Savings to the Manufactures they provide I see Aurora heading towards $1 going into 2021
