would dearly loved to have seen the price continue upward following wednesdays action.
Avg Volume over the past three days has certainly been better than that of the previous week.
Action on Wednesday seemed consistent and strong, Today as like yesterday was lack lustre in the morning but strengthened in volume into the close, - probably buyers picking up off loads from disgruntled wednesday buyers.
price has broken down below the upward trendline established by the previous 5 days trading. To preserve the trend price should be have been above $4.15 all day but was below this by about 12:15pm and stayed there for the rest of the day to close at $4.05. Solid candle on Monday below $4.15 might be start of confirmation that we could be heading back to bottom of trend at $3.80. Price action in US tonight will probably provide guidance for Monday. XJO/XAO appear to have peaked and for past 4-5 days appear to be rolling over
AOE Price at posting:
$4.05 Sentiment: None Disclosure: Held