Follow up from my last chart in January which played out perfectly if you jumped in and traded with it! This is my new chart, my thoughts are either wave 2 is complete and we officially start wave 3 which will push the price much higher or the head and shoulders pattern will play out and we will have a continued move down to the top of wave 1 around 0.05 range. Either way it plays out I am fine with, a drop lower will be a great buying opportunity and my guess is major money being thrown into AITX, or start of wave 3 which will yield major profits!!!
This is not trading advice, I am not a financial advisor, trade at your risk.
I do own shares of this company and am holding long and strong!!!
Happy hunting!
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#) the top of wave 1, I was referring to my previous chart where I was showing my wave count on a daily timeframe, this chart is more on a weekly.
Very nice graph! I have been holding for about one month, and I'm dying here lol the anticipation is killing me. Its nice to see when people that are more stock savvy than myself are predicting we could see some good gains. Thanks for sharing!
exchanging-turnips
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Aw man, looks like we hit H&S territory! Are you bearish now based on that, or do you see today as breaking a downtrend (descending wedge maybe?) .. I love the company but I want to understand the price action from a technical standpoint, appreciate any insight either way!
Jknuth1
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@celinebeaumont11, yes, it looks like the H&S played out finally. Overall I am bullish and have added heavily to my position when it was back under 0.06. For me this is a long term investment (not trade) and I am just buying and holding. I do believe we have finished this correction, we have started forming higher highs and higher lows on the 15 and 30 minute timeframes plus with the financials coming out by the end of May I don't see any reason for this to continue its correction. Anything is possible but from my understanding the report coming out by next month will show significant improvements in the company and continued growth. All good news for me, trade at your own risk.