aussienorm
Hope the charts below hit the spot for you.
They show that AOE has rallied very hard - more than 300% of the previous range down! Time wise this leg of the swing chart has aged & we are approaching the full time period of the longer retrace shown on Chart 2. That said, it is still a bit short of the projection shown in Chart 2 [based on repeating ranges].
The Slow Stochastic Indicator [50:30] shows AOE as 'overbought'. Disclosure: my trading plan has therefore prompted me to take profit while The Market is undecided - seeking a re-entry from about $3.30 [expected support level], as per the Elliott Wave 4 projected target.
Charts 3&4 are swing charts which show that AOE's trend is UP. Chart 3 shows that a retrace has already commenced.
However, the charts alos show that the trend channels steepened & on Chart 1 it can be seen that the daily price has already moved below the lower trend channel. Volumes have eased & a spike may signal the next major move.
Please DYOR & best of good fortune to AOE trader / investors.
Chart1: AOE Daily OHLC
Chart2: AOE Weekly
Chart3: AOE 2 Day Swing
Chart4: AOE 1 Week Swing
4YIO - NFA
