Alternative Energy Partners Inc (AEGY)

[trader53]

Funstick:
I still like AEGY.
I noted during the day that it was getting tired and forming a H&S Top pattern and the supply of stock was heavy under it.
I suspected that it needed to pull-back to shake-out.
I thought it would drop to at least 0.102c as I noted,
however I was shocked to see in After-Hours it dropped to 0.08c

I am still encouraged by the pattern, a 3-month Reverse H&S Bottom forming and appears to be in the Right Shoulder.

I would continue to HOLD here.
I think this was a SHAKE-OUT in AH, so the stock can resume its upward climb !

Still think mid-twenties near-term, from here.

http://stockcharts.com/h-sc/ui?s=AEGY&p=D&yr=0&mn=3&dy=0&id=p28926642279