A.I.M. Users Bulletin Board

[Rien]

Toofuzzy, the stop was trading in what is called a bearish triangle. If you look at the three month chart, you can draw a line connecting the bottoms, and another line connecting the tops (both have to be straight lines). You will see that these are the two sides of a triangle, with the top line coming down. These chart formations often precede a drop in price. Now that Astropower has broken their long time support line on high volume, look for more downside.
A bold prediction on my side: this stock is going to trade below $10 before the year is over. A $5 target seems low, but is certainly doable.
You will have to wait a bit before you achieve perfect alignment.


Best,
Rien.