Hamilton's E-Wave Analysis

AOI, Africa Oil Corp. update

Then, about a month ago, and now charts as usual;

and in detail we are now;

 

So we remain of the opinion that wave 4 of a 5-wave up sequence ended recently and therefore wave 5 should take us to new highs. We have not yet completed wave 1 of 5, it seems to need another leg up but this is somewhat tentative as it is possible to count the first up leg of 5 as complete. In any event we should go higher. A drop below $6.75 would cast some doubt on this interpretation. The target would be about $15 if the channel holds.