Wednesday, March 5, 2014

********* Ausgroup: Immediate resistance cleared, can it stay above 0.265 now ?

Ausgroup has cleared the immediate resistance at 0.265 ON TOP 20 Volume which it has traded below for more than a month. Hit a high of 0.275 today. Can see more momentum upwards to 0.300 level if it manages to stay above 0.265 now. Can see a new consolidation phase on the chart with the breakout.  Buyers coming in to stack at this new support level currently….
Stop loss at 0.245.
 

No comments:

Post a Comment