AUC Pulling Into Key AOI
AUC setup is shaping up well. After the initial breakout on expanding volume, price has pulled back ~30% and now retesting the top of the prior range. That’s a healthy retrace, and structurally, the chart still leans bullish.
Entry
You could begin scaling in here, but the more compelling support zone sits closer to ~$0.56. Notably, October closed with heavy volume and a bearish engulfing candle so ideally, we want to see this pullback continue on declining volume with overlapping candles. That would signal absorption rather than distribution.
Take Profit (TP)
• First TP sits around the EQ of the monthly supply structure (already marked).
• Beyond that, there’s minimal overhead resistance, so you can trail stops using higher swing lows as they form.
Stop Loss (SL)
• Since we haven’t seen a new swing low (LPS) yet, the $0.220 LPS remains the logical invalidation point.
• Once a monthly higher low confirms, you can tighten the stop accordingly.
• Until then, risk management is key especially for a small cap stock
