Breakout of long term triangle now testing breakout.Strong buy. Breakout of long term triangle on pickup in volume, now testing breakout.
AEI trade ideas
AEI - At support, expect move higher with fundamentalsCould be clutching at straws but plenty of upside potential. 4h chart nice test of support with an intraday bounce along with slight pick up in volume after the recent selloff. Nice round number 50c and 50% fib retracement from March 2019 lows. Fundamentals lining up as well, Awaiting approval in the US expected next 2 weeks (Significant manufacturing capacity already in place ready to go), China ramping up, April booked revenues more than March quarter. Covid numbers unfortunately getting worse.
AEI:ASX - AERIS ENVIRONMENTAL - Effective for CoronavirusSingapore NEA lists Aeris Active as effective for #Coronavirus and other independent testing has shown that in 60 seconds Aeris Active kills 99.999% of the Influenza virus; and also the Norovirus, which causes Gastroenteritis.
Aeris Environmental Ltd (Aeris or the Company) has been notified by Eurofins AMS Laboratories, a provider of world-class analytical and consulting services in microbiology, that Aeris Active has achieved an over five log kill (i.e. 99.999%), after just 60 second contact time, against two significant causes of death globally. The World Health Organisation has stated that seasonal influenza kills up to 650,000 people every year. The US Centre for Disease Control and Prevention – a leading national public health institute in the USA – calculates that Norovirus is responsible for 18% of diarrheal disease globally and is estimated to cause approximately 200,000 deaths annually, worldwide, with 70,000 or more deaths being children in developing countries.
Up over 400% in the last 12 months, AEI could be worth a watch.
Aeris manufactures and markets proprietary, environmentally-friendly technology, which drives measurable improvements in asset performance and sustainability. The Company’s whole-of-system approach ensures that systems perform better, are safer, last longer and cost less to run. Aeris’ products solve real-world problems more effectively than conventional toxic chemicals. Uniquely based on validated, green formulations, the Company’s enzymes and treatments, with residual protection provide long-term remediation, and prevention of mould, bacteria growth, corrosion and improved hygiene. AerisVIEW, the Company’s cloud-based visualisation network, is uniquely scalable across all climatecontrolled environments, including buildings of all sizes, and vehicles. Aeris’ solution delivers dramatic and proven energy savings, alongside documented benefits to system efficiency, and independently-validated indoor air quality with proven immediate improvements in sustainability and cash flow savings.
AEI ... Did somebody say speculation? This is my most speculative holding.
Be warned, this stock is NOT some backwater overseas rare earths resource stock, with a couple of blokes holding shovels, standing next a few stakes in the ground in Tanzania. This stock has substance.
The chart speaks for itself and the price action seems to be supporting an earlier move in April, priming for a move higher.
Recent announcements are favourable (to say the least) and the last 4C announced that the stock is now cash flow positive, with accelerating future earnings.
This stock is lightly traded at the moment, so liquidity can be a little dry, drier than a popcorn fart on some days.
Anyway, if you're like me and like a little speculative gem, keep an eye on this!
