Monday, February 29, 2016

AusGroup: Can it break above 0.120 resistance too as per morning call? Now at 0.119

Fast and furious….. J

Sent: Monday, February 29, 2016 11:26 AM
Subject: ************* AusGroup: More short term upside possibe if it can hold above 0.110 today... price 0.112
We are seeing a move above the 0.110 psychological resistance that has held for about a month, with volume at more than 4 times above average. This is something to note. Any close above can signal some short term momentum towards 0.120 first with the rest of the other oil and gas plays which are recovering on oil prices rebounding. Stop loss can be at 0.107 for any long positions now.

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