Some indicators already close to reversal points at the low end
The six-month chart of Canadian uranium explorer Aero Energy (WKN A4007Y / TSV AERO) shows a very strong increase in the share price since the October low. The share price has more than quadrupled within the blue trend channel. A few days ago, the trend channel was broken to the downside, accompanied by high turnover.
Some support can now be derived here and slightly below:
+ another blue trend line
+ the gray support zone – derived from high and low points from November to February
+ the two average lines
On a positive note, the 200-day line is no longer falling and is currently moving sideways. The 100-day line is clearly rising and has already generated a medium-term buy signal by crossing the 200-day line.
The indicators shown reflect the consolidation and in some cases are approaching a rating of oversold.
Source: Comdirect
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