Short Term Trading Week Starting: 11 Feb, page-58

STTCOMP AIS ta long

If you squint... the chart has a rough similarity to a genuine "cup and handle" beginning to form. The price spike to 30 cents was on news that drilling of Torrens would proceed. The gap down is the CR [which was for 20 cents] so it does conform to the correct cup and handle layout of the price being equal on both sides of the cup... followed by pullback [the handle]. Confirmation of the pattern is price reaches 25 cents again... the trade is to buy on strength above 25 cents. However, now is the time to being thinking about it in my opinion.... the FA on AIS is solid.