Hi guys,
There are definitely more accurate charters than myself, so my observations here are purely my own and not to be taken as the most accurate.
AIO hit a high of $1.94 in January and a recent low of $1.67.
Yesterday's close of $1.77 was right on my 38.2% retrace from the $1.94 high. There has also been previous resistance around $1.77
Also note that the SP has closed back above the 41 Day EMA the past two sessions.
Today AIO went out nicely to $1.84 and came back with the rest of the market (general profit taking IMO) and closed at $1.78
The close above $1.78 looks good to me, as it shows a close above a current trading range and above the 41 Day EMA. Stochastics still look ok, so hopefully onward and upward providing the S&P 500 is steady (as you know - the USA sneeze and we get a cold)
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Hi guys,There are definitely more accurate charters than myself,...
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