I am not a fan of charts but I do look at them to find some pattern of trading for stocks. I find them helpful sometimes to decide when to enter and when to exit.
It looks like AC8 is due for a dramatic move in the next 3 weeks. I see 2 possibilities. The red lines I have drawn show an ideal move for a short term trader who wants to take a punt. The yellow lines show a more risky scenario. Of course, the bulls might think of a sharp move to over 60c and then happy ever after ... but I don't see that. If it happens, I am happy for the long suffering long and won't miss anything.
AC8 Price at posting:
41.5¢ Sentiment: None Disclosure: Not Held
