Following up from previous post: Ausgroup has indeed tested the 0.300 psychological level today on TOP 5 Volume and 0.305 now clearing, may see more upside if new support forms at this level. Raise stop loss up at 0.285 now. Target to 0.35 to 0.38 first.
Sent: Wednesday, March 05, 2014 2:03 PM
Subject: ********* Ausgroup: Immediate resistance cleared, can it stay above 0.265 now ?
Subject: ********* 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.
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