ACDC broke out today. Volume is up as well as RS and RSI100 and the close price is above the POC (horizontal red line). I got in at 0.24 with a target at 0.42. Something to watch will be 0.3 which represent the highest point of the last rally and a 0.5 FIB multiplier. If it shows sign of weakness at 0.3, I might sell and wait for another break above before to get back in.
Comment:
My stop loss was triggered. Îll wait for 0.28 before to get back in