AIS - EW Chart, page-1761

Hi there fellow chartists. Wanted to share my working chart with you for discussion. I've held AIS for only a short while (since Feb 23) and other than what I think are promising fundamentals in particular my interest in copper as a long term prospect, I am also here because I see a promising chart. I've read over the last while that some see a H&S pattern forming, which for whatever reason, I can't see it. What I have seen since before investing in AIS is a C&H pattern. In February I charted what I thought would confirm this. So far, AIS SP has moved almost exactly where I charted.


My initial (spontaneous) entry was at 615 then at 535 I got serious. I'm not a large holder compared to others but I have as much skin in as I can afford.

As mentioned, this chart was drawn mid February with no changes since.

Zoomed.


What I see here is a very strong chart supported by MACD and ADX. There is divergence in RSI which leads me to think this has a long way to go upwards.

Same chart with GANN visible which shows why some of my trend lines are where they are.

Based on this chart, I'm seeing a slight slow down ~ 690 before potential move through the C&H pattern to $1.25.

Any thoughts chartists? Happy for discussion and thoughts.

Chris