AIS 7.50% 18.5¢ aeris resources limited

Hi there fellow chartists. Wanted to share my working chart with...

  1. 614 Posts.
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    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.

    https://hotcopper.com.au/data/attachments/5168/5168379-1b72c6d35fea7e07b3b804afbd5f30a5.jpg
    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.
    https://hotcopper.com.au/data/attachments/5168/5168391-ce9a9b3221e35ac63ed3c9939b39ed78.jpg

    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.
    https://hotcopper.com.au/data/attachments/5168/5168402-fd0448719ed614b3350872b3c7a7d125.jpg
    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
 
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Last
18.5¢
Change
-0.015(7.50%)
Mkt cap ! $178.9M
Open High Low Value Volume
19.0¢ 19.0¢ 18.0¢ $213.6K 1.145M

Buyers (Bids)

No. Vol. Price($)
10 168178 18.5¢
 

Sellers (Offers)

Price($) Vol. No.
19.0¢ 95921 4
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Last trade - 16.10pm 02/08/2024 (20 minute delay) ?
AIS (ASX) Chart
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