Aurora: Bottom Formation

The Aurora stock continues to trade within the orange Target Zone (coordinates: C$6.84 – C$5.51) and should soon reach the low of the ongoing wave ii in orange. With the completion of this corrective movement, the foundation should be set for a sustainable rise in the corresponding wave iii. However, there is still a 38% probability that the stock will head for a new low below the support level at C$3.84 in the green wave alt.[2].