AEX - Acclaim Exploration

[IGO4IT]

Hi guys,

for those who were wondering what is a re-test...........it is what's happening right now

cheers,

 

[cogidubnus]

Hi guys,

for those who were wondering what is a re-test...........it is what's happening right now

cheers,

i am happy. Thankyou

 

[Sean K]

I was going to put a cup and handle chart up here to see where it could be going. Perhaps it's just going to go UP!

I'll put the chart here anyway, just in case it doesn't follow through.

 

[ezyTrader]

Hi kennas,

What measurements would you make for the length and depth of the cup? Investopia measured in points, so am a bit confused...

 

[Sean K]

On Cup and Handles, from Stockcharts:

Trend: To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. The more mature the trend, the less chance that the pattern marks a continuation or the less upside potential.

Cup: The cup should be "U" shaped and resemble a bowl or rounding bottom. A "V" shaped bottom would be considered too sharp of a reversal to qualify. The softer "U" shape ensures that the cup is a consolidation pattern with valid support at the bottom of the "U". The perfect pattern would have equal highs on both sides of the cup, but this is not always the case.

Cup Depth: Ideally, the depth of the cup should retrace 1/3 or less of the previous advance. However, with volatile markets and over-reactions, the retracement could range from 1/3 to 1/2. In extreme situations, the maximum retracement could be 2/3, which is conforms with Dow Theory.

Handle: After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement is, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup.

Duration: The cup can extend from 1 to 6 months, sometimes longer on weekly charts. The handle can be from 1 week to many weeks and ideally completes within 1-4 weeks.

Volume: There should be a substantial increase in volume on the breakout above the handle's resistance.

Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.

The distane for AEX's tip of cup to bottom is about $0.022, so target would be $0.082. Nothing goes exacly to plan though...Next resistance after $0.06 is $0.07, and let's not get ahead of ourselves, it hasn't confirmed a handle, or broken through $0.06 yet....

 

[ezyTrader]

Cheers, Kennas.

Definitely nothing's definite.

 

[Sean K]

No handle forming here yet, looks like it's just going to go up. Hesitant to speak too soon, but broken through $0.06 this am on good volume and if it holds above this could be opening a new chapter in the sp of AEX. $0.06 has been a resistance level for some time and to break would be significant.

On the long term chart the slow steady decline has been halted and after consolidating for a preriod at about $0.045, it's now trending up IMO.

Having said that, it could pull back and might still be in position to finish off the cup and handle.....It's had a very good run the past 3 weeks.

News due this week on DD drilling. Could be just another update saying how many holes they've dug. If there was significant results that would just come out any time.

 

[BraceFace]

Looking very good today so far, and possibly heading towards 7c.
I decided to bail at 6.4c. Just pleased to make a profit after sitting on it for a while.
Good luck to all holders - I hope it keeps going up!

 

[Sean K]

Looking very good today so far, and possibly heading towards 7c.
I decided to bail at 6.4c. Just pleased to make a profit after sitting on it for a while.
Good luck to all holders - I hope it keeps going up!

Good timing Braveface.

AEX really struggling to hold above this darn $0.06 level. Common AEX!

If it doesn't hold above, might be back for more consolidation I reckon.

 

[kariba]

Good timing Braveface.

AEX really struggling to hold above this darn $0.06 level. Common AEX!

If it doesn't hold above, might be back for more consolidation I reckon.

Consolidation is not a bad thing - No big retrace though!

I reckon this climb for AEX has been so much better then last time .... slow & gradual, with a little consolidation on each level

all good!

regards

 

[Sean K]

Consolidation is not a bad thing - No big retrace though!

I reckon this climb for AEX has been so much better then last time .... slow & gradual, with a little consolidation on each level

all good!

regards

I agree Kariba. I'm much more comfortable with this gently climbing, although the day traders did get into this I reckon and have started selling out of it. Just can't hold above $0.06!!! Perhaps once it does get through it, that will be a solid floor on the price for next assault on $0.10 and beyond.

 

[Sean K]

No ann last month? What? First month in yonks that there wasn't a statement, a murmur, an update, anything. But stock up 50% in the month......Bamboozelling.

Back under key resistance of $0.06. Just can't hold it's head above...

I think it's because they have the 20 holes drilled that were planned to finish by end of Sep and the core samples are at the labs for testing, and verification. Perhaps that's what all the action was about late in Sep....Looking forward to thos results which will either make me very happy, or, maybe,

 

[Sean K]

I thought the ann report out after the bell last week was pretty positive, but with no more news on the drilling results the market's not happy and has put AEX down a couple % this am.

No time frame given from the company in regard to the results of the 20 news drill holes, just asap....After that, revised modelling with previous drilling for new JORC estimate.

 

[michael_selway]

I thought the ann report out after the bell last week was pretty positive, but with no more news on the drilling results the market's not happy and has put AEX down a couple % this am.

No time frame given from the company in regard to the results of the 20 news drill holes, just asap....After that, revised modelling with previous drilling for new JORC estimate.

Yeah AEX holding well, which is good

thx

MS

 

[Sean K]

Common AEX. Why don't you like $0.06?????? It's just a little number!

Heading back to $0.05 ish again......................

 

[Sean K]

Rebounding from dip to $0.052, up 9% to $0.056 on good early vol.

Perhaps $0.05 ish is support now....with $0.06 as resistance. Nice trading range for those trading, but I'm just holding for the new JORC.

If they do have the $3b in the ground as already inferred, wonder what market cap that should give them once indicated?

$50 mil, $100 mil?

Anyone hesitate a guestimate on that considering it's so early in development?

 

[Rustaf]

G'day AEXer's,

Good start to the week!

Any thoughts?

Cheers.

P.S. I hold enough for my retirement!

 

[Fab]

Not so good today. Going down when most of the stocks are going up

 

[Sean K]

Consolidating above $0.05 is a good thing at the moment.

But really, everything hedges on the results of the 20 holes in for analysis. Either confirms the resource or not, and if it does then stock should have a good day.

 

[Fab]

Kennas,

When is that due ?

Cheers