RE:RE:RE:Finally the short term price resistance is breach!!!A good book to read about technical analysis is : "Secrets for profiting in bull and bear markets" from Stan Weinstein's
Foundryman when you say people are ready to dump their share at certain price this is called a resistance. When share price bounce at a certain level it's called support. So right now it's normal to see resistance at these prices because shareholder from last months/year have the chance to get out with less scratches (often seen as a pullback!). As soon as these people are out of the equation we will move to another price resistance. Also the support is the price the investor are ready to jump in to buy.
If I look at the 3 year weekly chart I see a huge resistance at 0,17$ but after that it's all good!
If I look at the 1 year daily chart I see a huge resistance at 0,155$ and today it stop at the price.
The next days will give us a good idea how the trading range will set.
By the way, last year I did't buy AAB because of the technical chart but only because of the fundamentals.......normally I would not buy this stock if I was to follow the technical criteria has they are not met. Now that being said if we see a breakout above 0,17$ with large volume ( a few millions shares) it would signal a solid phase 2 (advance phase) and only then the buyers will be in command! And I am not even talking about the moving average (ma) or the exponential moving average (ema) as you need them to really analyse the chart. Also there are other things to check like the RSI or MACD but maybe it's too much for now to talk about.
If there is interest I could try and post the chart with all the technical data?