Replies to post #74361 on Aurora Acquisition Corp (AURC)

[cfpjbs]

Charts mean nothing with a buyout on the table and dividends in our accounts.

[optiskeptic]

You're kidding, right?
Charting a penny stock.....rookie

[axel06]

Who cares, a buyout and dividend are in the near term. The chart means nothing at this point.

[stockmeiser]

I hope so

[Crazy Maniac]

dp, I would agree if this weren't a pinkie (and AURC). The AURC stockholders are strung so tight this will break up or down on news or rumor with no regard for technicals.

You know that though, don’t you?

Crazy

[mr_bitterness]

Too funny how everyone is right and everyone is wrong. Charting pinks is a great way to cash in on fun and profits!

Most every chart breaks when news comes out, but the top of most every news-related pop can be called by watching the chart. And the bottom of most every emotional slam can be read too. Therefor, charts are not completely meaningless, even in times of strong emotion and or strong news.

And when there is no news (and no fundys) the chart becomes the fundies. It tells what is going on and whos sentiment et al very clearly. The chart can often be the only thing that is transparent, esp. in pinkyland. Unlike news, charts don't lie. Much like news, they get misread and misinterpreted.

And don't forget that charts always change. Therefor changing your opinion or position is just fine - that is what the chart is there to help you do.

I see AURC trading pretty sideways. RSI is coming up and should continue up. Maybe not tomorrow, but over the next few days. RSI 14 is above 50, just came up off support trend started about 9/12. RSI 2 is pretty high, could pull the RSI 14 but may need a breather before it does.

SS is pretty weak but could be bottoming and ready to cross up. It is still above support of uptrend, begun on about 9/6

MOM is approaching that crucial zero area

Bollies are pinching

MFI and Wm%R are conflicting each other. This is interesting imo and lends mixed signals to an up or down move coming soon.
Wm%R is recovering and telling of a nice comeback since 10/2 that could continue to strengthen and propel the stock.
MFI is still heading towards oversold and saying the bottom isn't here yet.

It looks about ready for a pop one way or another - that will depend on news, emotions, what fundy info is/becomes available and who knows what else...