di ko alam na H&S formation pala to... I thought when I saw this, it was a symmetrical triangle that breakout at 0.085.

hi, this is my first post so if my image doesn't appear correctly, apologies in advance

i think AJO has a breakout now as it has broken past the earlier high of .95 last January, this week, with clear and strong volume. It is now
retesting the resistance of .11 made during latter part of May. Notice that price had been consolidating from March to earlier May, so this could be a start of a long upside journey.

Price data from 2001 to 2005 show that the prices had 'flatlined' (not shown here) and since I think the target of the earlier cup and handle formation has already been realized I'm zooming in towards the recent past price data. The rise has not been abrupt (unlike APC), so there could be more upside potential.

Possible catalysts for other non-technician-traders could be any news on Chikka Asia and possible positive leads in mining (this is an assumption kasi parang lahat na lang ng dating mining / oil exploration companies are experiencing active trades.) :?:

Pls look at attached file for volume review of AJO.

My charts' not yet updated to include today's run-up, so I won't post it anymore. Near term target is 0.14 after which there would be consolidation again as this target, once achieved, will be a new high in 6 years time!!

*CAUTION: Phisix went up by +84 points, but it did not take out the high of 3,629 made last June 4. Today's performance may just be part of a larger consolidation pattern from hereon. So if you've made money with AJO, look at the postings tomorrow. Too much greed and your peso gain might become paper loss. 8)

This is also the reason I'm posting the volume review. 20% of the buyers bought at 0.13, what's interesting is that a lot of these buyers bought near or after the market's close. Expect to see some oops trading tomorrow.

For the group's consideration. Thanks!

More volume please! Hehehe! Hirit na!

Here is my analysis on AJO

AJO seems to be moving close to it's resistance line at 0.105, that is why you can see that it is having a hard time to break that level, at the same time, it seems to be forming a triangle with the same resistance...

If it did break the 0.105 level, we are then looking for an easy 30% gain for this issue.

MACD is doing good also, just crossed the 0 level mark, and the price has already taken down the midterm and long term MAs.

Definitely something to watch out for in the next few days....[/img]

Falling wedge?