Africa Oil Corp (AOIFF)

[McBeanburger]

http://stockcharts.com/h-sc/ui?s=AOI.V&p=D&b=5&g=0&id=p81325136176&a=246134003

Hi FT5

no real change from the last post. a break of 840 will complete the h&s formation. i would think it will happen this week. wait for the break if you want to short.

I have circled the probable destination on the cci's what price that ends up is your guess as good as mine. classically this is height of the head. so around the 7 bucks mark.

if it bounces here the the formation is nullified.

why is aoi acting like this? as mentioned I think its because the market is long over to to correct and most of the big players are out waiting.

jmho