3DA 2.56% 38.0¢ amaero international ltd

This is my weak attempt to do some technical analysis on the...

  1. 297 Posts.
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    This is my weak attempt to do some technical analysis on the daily. Will be fun to see how it plays out.

    I've used this first upper long term trend line since June last year which has seen it bounce off as resistance and support several times. Once the placement was issued, a big lull period and shortly after a strong rise. We see a similar second trend but delayed because of this (need more targets to test this trend line more). We pretty much hit the previous ATH yesterday so it's either
    1) shoot past it and we have our full bull case.
    2) some consolidation or even down trend to have a cup and handle play out.
    3) bear case going back down to strong support (very unlikely).

    I'm thinking a potential cup and handle play if no announcement in the next week or two. Unless there is a big market event, I don't see the SP going below 0.550 anymore. Might get a chance to hit 0.700.

    I'm not really looking at 3DA from a technical perspective anyways, the growth opportunities and things in the pipeline are much more exciting.

    Thanks for reading. DYOR my opinion only.

    https://hotcopper.com.au/data/attachments/2893/2893766-845a7e19f20b01d57d6655ff27c13bc7.jpg
 
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