On May 25 I published a series of charts for AOE. The charts below are similar and represent updated versions.
Chart 1: A daily OHLC version. Shows that AOE's SP has recently fallen below the trend support channel. Note the high level of short sales [29% for June 4] & 40m sales on May 29. 300 day Elliott Wave projections using ProfitSource software are for AOE to undertake a Wave 4 retrace to $3.00, thereafter rising to ~$4.65 by October.
Chart 2: A weekly OHLC chart showing double bottoms & possible double top scenarios. A one week swing chart has been placed over the OHLC bars, showing the weekly trend as UP.
Chart 3: A weekly OHLC version. It shows how AOE has repeated its price increase range of $2.58 & may be doing so again atm.
Chart 4: A 2 Day Gann Swing Chart. It shows the current 2 day trend as UNCLEAR.
Chart 5: A 1 Week Gann Swing Chart - Fibonacci Retrace levels are also shown. The chart shows the current weekly trend as UP & that the recent retrace reached 29% of the previous range up.
Chart 1
Chart 2
Chart 3
Chart 4
Chart 5
Best of good fortune to all, but ....
4YIO - NFA - PDYOR
chart updates
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