AIM 5.66% 75.0¢ ai-media technologies limited

1m bought at 29.5, page-9

  1. 3,113 Posts.
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    eod technical summary Well , very impressive day hey. If this is the start of an explosive Wave 5 up , subwaves i and ii may already be in place which means we could be about to embark on an unimpeded extended leg up well into new highs via subwave iii - it finished on its high today on an increase in volume which of course is good, BUT I have one niggling technical thing I have to throw out there - its an unlikely scenario IMO but has to be considered to keep the balance here. The chart pattern that has formed after today is also typical of a Wave 4 chart pattern that has NOT completed yet - I wont bore you with the details as to why this is possible - only a break above 35.5c will nullify the possibility of more corrective action being needed. If I was a gambling man though (which I'm not because I'm a stock trader ?? !!), I'd be betting on a bullish scenario being in place here and if 35.5c breaks, the technical maths has the next target projecting 51c + (via subwaves iii / a small iv pullback / then v to finsh off the next pattern) . The nice thing about Wave 5's is that you can mathematically calculate a target to their completion, but they can always extend way past these targets. So I'm keen to conclude we could be about to head up strongly again, but we want 35.5c broken past to seal the deal. All the best guys.

    p.s. So who is Frank Brewer ??

 
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