Looks like it will hit 14, better view on the Day chart. RSI going up with CCI and Stoch so it looks like its gaining strength, I am actually watching Money Flow (MFI) for confirmation, otherwise a solid breakout on the weekly chart is what i am waiting on.
I think this pullback to the base is an ideal time to get started on this trade if you are on the sidelines watching and waiting. The pullback is on decent volume, but a tad less than the rally, which is always nice to see. I would view $12.50 as the 'don't touch' level or stop out. If I did get stopped out at $12.50, I will still be open to revisiting this...
Note the nice three-month base in AU shares and the recent bump out of that base on Tuesday this week.
I have also added the 1-day moving average lagged 63 days, which is simply the close from 63-days ago plotted in brown. When the price goes above the price from 63-days ago, it can be a buy signal. If the prices goes under the price from 63-days ago, it can be...
