aussienorm
The three charts below provide differing perspectives on AOE atm:
Chart 1: Daily chart as of May 18 - with annotations of AOE announcements, daily Elliott Wave & Stochastic Indicator. Also includes my favourite moving averages [4 days, 6 months & 2 years]. The Wave 5 time & price prediction is off the chart - between $4.32 & $4.83 by October 26!
Chart 2: A weekly chart based on a AOE's rally of Sept 22, 2006 to June 26, 2007 of $1.58, whose price range repeated from Jan 22, 2008 to Jun 2, 2008. Commencing Oct13, 2008 & repeating both the price range & time period produces the final prjection of $4.32 by July17.
Chart 3: The same weekly swing chart I posted on May 15 - showing how AOE price action has steepened significantly & drawing attention to both double bottoms & the possibility of double tops [AOE's all time high is $4.11].
Hope one of them hits the spot & please DYOR.
Chart 1:
Chart 2:
Chart 3:
4YIO - NFA
