Thursday, April 11, 2013

Ascending Triangle Breakout - MacqIntInfra. Share price 0.605.

An Ascending triangle formation break out at the 0.600 level. Has been below this 0.600 resistance for more than 2 months since 1 Feb 2013 and tested twice including yesterday. Breakout seen today when about 4m shares bought directly at 0.600 in the morning. Support would now remains as 0.600. Upside to 0.64 and 0.66 region possible if 0.600 holds strong.
Stop loss at 0.59.
 
 

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