AIM; Small Chart Analysis, Possible Cup and Handle forming

AMEX:AIM   AIM ImmunoTech Inc.
This is in no way, shape or form, fluid and function, an analytical, qualitative or intelligent compte rendu. There is absolutely no financial advice here because the only financial advice I can give is to research, research, and research. The purpose of this analysis is to serve as an example of a small chart analysis.

It looks like the current Elliot wave series is ending with a considerable amount of condensing in the current channel. The failure to get back to previous highs for so long has caused a turnover in investors and a possible placement to the backburner as a long trade. Meanwhile, AIM has had some minor news that could have sparked some minor volume and price increases on their own, but instead resulted in nothing. It is possible an analyst comes out with a revised price target soon after AIMs recent conferences, etc., that could propel it back to the ~$6/ line. It is also possible that the momentum is not enough as there has been so little interest and volume with AIM, and investors pull out with some profits and head for greener pastures. Stay vigilant, set limits and stops and have an exit plan. Good luck y'all.

For a more thorough analysis on AIM, see

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