Won't bore you with the details, so go on my RGI chart analysis to see the intro. let's get right into it.
- New trends that are very aggressive forming since AEB has started clarifying its positioning and business model in medical Cannabis
- Maximum range for AEB between highs of 20C and a progressive ascending bottom base between 4C to 8C in 2018
- Baseline growth trend is appearing with minima around 4C and increasing to 8C by EO2018 - the triangle somebody here else mentioned)
- Sitting well behind bolls indicating a potential further upside and explosion (is market pricing in the potential licence? or harvest revenue?)
- Huge volumes which would tend to indicate further supra top boll ascension is possible
- There is a gap at 4C that means it is possible you get a retracement IF SP re-enters bolls in the next 2 weeks.
- Bullish signals are forming and showing market perception of AEB is changing
- Move about long term MA confirming there is a reversal.
Seems to me market is pricing in huge growth for AEB.
I entered between 2.1 to 2.4 after I saw the signal at 2.6 about 2 weeks ago. It's almost as if experience works
This has 800% in potential in my view over the next few years. This is my opinion only.
I see an ascension of the SP between 4C/ 8C and 14C / 20C (40C absolute max) within 2 years, with the market pricing in what it knows, any other significant news could create new channels as AEB as we know it now with its new strategy is a very young business.
Do your research, don't invest money you can't lose and hold for a few years.
Hope this is helpful to the less experienced folks. Stocks is a LONG term market, number 1 thing to know.
Other chartists or investors, post your graphs in here.
