TA for fun, again

From my 15/Nov post:

"If we view the pattern from early 2014 to October before the breakout as a V shaped bottom with 8.2c at the base and either 18.5 or 19 as the neckline, then first target of this neckline breakout of this V bottom is between 41.7 (using 18.5) and 44 (using 19 as neck), this will be a gain of equal percentage as from 8.2c to the neck. If AJX is to gain 1.618 times the gain it made from 8.2 to 18.5, then 56c will be the target."

From my post on 16th/Dec/2014,

"The first target price for a correction to this run is 34.7c which is a 38.2% retracement.
So, this corrective move is likely to terminate at 34.5c~35c. "

On 11th of December 2014 AJX reached exactly 56c peak, and the ensuing retracement terminated at 36c on 16th/Dec.

pretty good eh?

After hitting 64.5c local peak, AJX has tested the first support at 56c twice. it 56c fails in the next few days then 52c would likely to be the lowest it could go.

In the very unlikely event of AJX dropping below 52c, the next support level is 48c.  I don't think AJX will correct this low.

if we turn around and start to go up again, then naturally 64.5c becomes resistance. The target price after overcoming 64.5c recent peak would be 87c.

Just remember, this is all for fun and nothing else.