chart updates, page-3

Yodo

Re; " ... What exactly would have to happen for AOE to form a double top with June last year, and if that double top were formed, what would the price target be?"

IMO AOE is experiencing considerable resistance & support at around the $3.70 to $4.05 price level from where it retreated rapidly in June 2008. As shown on one of the charts I posted a double bottoms formation may already be playing out [based on lows in March 2007 of $1.68 & October 2008 of $1.74] with a price range of [$4.11 - $1.71] $2.40 that formation suggests a price target of [$1.71 + $2.40 x 2] or $6.51.

IMO atm a double top formation is also currently staring at us [the A.T.H. was $4.11 & the difference between that and the recent high of $4.04 is negligible]. Unless AOE's price rallies significantly beyond $4.11 driven by strong volume [by 5% perhaps to about $4.30] chartists would consider a possible retrace of twice the price range between the two peaks [this of course won't happen since that range was $4.11 - $1.74 = $2.37]. Under a double tops scenario AOE may however retrace to a recent level where it experienced strong resistance / support [$3.35 / $2.85 / $2.75 / $2.45 or of things become pretty grim $1.75 perhaps].

IMO the various indicators & projection instruments are currently at odds with each other in relation to AOE. IMO AOE is a great company with a bright future but the near term price action is as yet unclear!

4YIO - NFA - PDYOR