AIR on Tuesday 26th April broke all sorts of TA indicators and chart patterns and triggered mass sell signals when it fell below $2.80..To a TA investor mass sell signals are serious..the discipline screams out "SELL"
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Ok below is a AIR chart stripped of all its TA layers except for the H&S Pattern...It is a great textbook example of a chart pattern which is the most reliable of all chart patterns..once the H&S pattern is completed (when the breakout occurs) there is a
96% chance the shareprice will fall more than 5%..
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Xerof has a target price of 2.15 [the post appears to have been deleted but is quoted] I guess those calculations where using highs/lows..My chart calculations is using closing day prices...there's no right or wrong here as the target price.
Of more complexity when other patterns and TA incators are added in as chart layers we can see possible supports on the way down towards
2.19 target price which would affect the 46% odds of the theoretical happening...But I will leave the more complex stuff to another day
http://i458.photobucket.com/albums/q...16%20HampS.png