AOE
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0.00% $4.68 arrow energy limited

flag pattern breakout confirmed

  1. Rondog
    673 Posts.
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    20/08/09
    10:30
    Post #: 5531852
    With a close above $4.50 yesterday, AOE confirmed the bullish flag pattern breakout. Traditional technical analysis gives an initial upside target of $5.30.

    This stock will probably push beyond $5 simply because of all the fundamental hype surrounding the quality of its assets. The technicals are just a reflection of the speculation growing in the stock due to these fundamental appraisals.

    DYOR
    AOE Price at posting: $4.66 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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