AEE 7.41% 12.5¢ aura energy limited

AEE Vanadium $$$ Part 2, page-108

  1. 713 Posts.
    lightbulb Created with Sketch. 186
    For sure. Actually for those that have been around for some time, I post a very slow moving weekly study using a slow and fast moving Stochastic. Its been so long since Ive posted one because I typically only post when they study turns very bullish - its only happened twice since 2013.

    So if you look at my Stochastic study below

    The grey Ocsillator represents short term (trading) interest. The blue oscillator represents longer term momentum (investor interest).
    Oscillator above the purple line - overbought and/or bullish trending.
    Oscillator between purple and red line - neutral to positive market dynamics.
    Oscillator between red and green lines - neutral to negative market dynamics.
    Oscillator under green line - market is oversold and/or bearish trending.

    You can see my chart is colour coded into bullish and bearish divisions. When the price action is inside a bullish segment and the longer term blue oscillator traverses above the red line, I expect there to be a positive price action that is coupled with longer term momentum. I have ticked the stochastic entry where I expect mulitweek to multi month bullishness. A bull market doesnt always occur when these conditions are met, but a true bull market wont occur without these conditions being met.

    I highlight such examples where my study indicates bullishness in the ribbon but the Stochastics are not in harmony. These points get an "x". The last time AEE flagged bull potential was on the week 0f 26/12/2016. Ive only had two flags since 2012.

    ITs not all bad news short term though.

    1. Volume is telling us something. The Stochastic studies must be considered "oversold" because they have bottomed out while the share price has gone sideways. In the last two weeks they have lifted off their lows, and I'm expecting this to be coupled with a breakout to the orange Donchian line at 3.5c. Id like to call "when" but the trading range has proved stubborn. IMO, we're looking at an April breakout to 3.5c but watch this space.

    2. The oversold Stochastic indicators now gives a lot of room for large movements even before it flags a possible bull market. I call these prices excursions, and it may be that we can get to 3.5c and still not signal a bull market - we'll see.

    3. In a log scale of Auras price, I will keep a long term channel in place until its invalidated.
    Im expected that we are about to commence intermediate wave 3 of supercycle wave 1. The minimum target would be 5.5c but it would likely make a minimum objective of 8c when it touched the mean channel line.

    4. If we can get to 8c, I'd like to see price action swing inside the upper channel to 20c and the mean of 8c. Of course all this depends on when and how price action moves.

    For now lets get the show on the road and hit 3.5c. The short to mid term objective is 8c but one price target at a time.

    I have also included a quick study of the Stochastics for BKY because it shows two points where my studies failed and one where the bull market was strong enough to sustain momentum in the study for months at a time. Its important to keep in mind that even simple studies that i present there do fail. I dont consider them failures as such - I simply say im "long term bullish until Im not" and look for supporting price action.

    AEE2018-04-04 07-40-59.jpg



    BKY2018-04-04 07-44-19.jpg
 
watchlist Created with Sketch. Add AEE (ASX) to my watchlist
(20min delay)
Last
12.5¢
Change
-0.010(7.41%)
Mkt cap ! $107.4M
Open High Low Value Volume
13.5¢ 13.5¢ 12.5¢ $30.18K 228.9K

Buyers (Bids)

No. Vol. Price($)
11 214683 12.5¢
 

Sellers (Offers)

Price($) Vol. No.
13.5¢ 139333 10
View Market Depth
Last trade - 11.25am 22/08/2024 (20 minute delay) ?
AEE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.