AddvalTech broke out from Key 0.078 resistance level which it has tested 4 times before yesterday. Yesterday closed at 0.079 further confirmed the breakout. Currently at 0.081. Top 5 Volume seen currently. Short term target to 0.086, a break above this level can see it go to 0.900 next. Recent high was 0.097 in Feb 2013. Mainly short term momentum trading call on break out. Immediate support stands at 0.08 psychologically and also the next support at 0.078. You can see that AddvalTech has been support pretty strongly above the channel support line (upward sloping line), consolidated for about a month before breaking out yesterday.
Stop loss at 0.076.
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