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This is the third and final update for Advantage Oil & Gas. The original analysis dates back to December 18, 2009. When AAV was trading at $6.35, the chart I posted gave 2 price targets of $8.35 & $9.97 indicating a rally of between 35% - 57%. On March 11, 2010, AAV hit a high of $8.32 and has since pulled back 0.56 (6.7%).
The secondary chart analysis indicated the support levels that needed to be held in order for this rally to continue. I noted that "A move below $6.80 would result in additional selling pressure carrying the equity down to at least $6.46" - AAV hit a low of $6.53 on February 5, 2010, therefore this target was inaccurate by .07
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