Artificial Intelligence Technology Solutions Inc (AITX)

[SeatonBM]

It may dip a little still... I think it'll stay above the 200MA, at least the 50MA on the daily chart... If it dips below it should get back above by closing time.... If it closes below..... Then I might worry, as 200MA and 50MA act as support until closed below, then they act as resistance...

This all said, don't get too hung up on all that... As long as the 50MA is heading on a course that'll take it above the 200MA, I expect the stock to break to the north as it does so... If somehow the 50MA goes off course, then I'd worry...

Also note, the stock PPS has sat upon or above the upper Bollinger Band as it opens up and spreads out... It won't sit there forever... You will have profit taking, and momentum players get out, stocks go up and they go down... As long as it remains above the 20MA it is considered bullish... To me, the RSI is being reset and this will move up again.... I'm not worried about it... Currently all your key MAs are acting as support...

The daily MACD does signal a weak dip, but I expect it to reverse again soon...

The largest missing factor is, you need an increase in volume...

The weekly chart looks alright to me too...