weekendcharting 28 november, page-39

Heres some of my observations of AQP:

Looking pretty good all round. A weekly bar chart shows price has punched through some strong horizontal resistance which goes right back to Sep 2006 and on extremely high volume. Volume picked up preceding the breakout and on the breakout itself. Thers a few diagonal resistance lines at play here, but IMO price should break through this channel its been in, and given the upper trend line above the channel is steeper, it should give price more room to advance. Price has still closed below this horizontal resistance and would need to close above it for me to buy it, but given the recent volume activity it looks like it should do this.

On the daily chart, a similar story. I like the way it recently did a little double bottom type pattern with the second bottom going slightly lower than the first - a good shake out and then a strong bounce off the bottom trendline.

Acc/Dis is showing postive divergence both prior to and on the break out which means internal strength for this stock. No hidden nasties here it would seem. Daily Stochastics have turned down, but have recently the highest high since this stock bounced off its bottom, showing strength.

Short term target I have here is around the $8.00 mark being previous support in Aug 2008.

[URL=http://img163.imageshack.us/i/aqpweekly.png/][/URL]

[URL=http://img6.imageshack.us/i/aqpacc.png/][/URL]

[URL=http://img28.imageshack.us/i/aqpdaily.png/][/URL]

[URL=http://img33.imageshack.us/i/aqpstochastics.png/][/URL]