Pattern trading and breakout trading are my favourites.
Compare the 1 year chart of AWB with a 1.5 year chart of TLS. Both are similar in setup and can yield a very good short term return.
TLS did me well this year on its break of ~$5.03 and AWB may offer the same soon. Unfortunately I was hoping for AWB to temporarily double top @ $4.82 as this would have been a mighty springboard for the price to push through ~$4.93. See how TLS did this @ $5.00.
Anyway, watching and waiting - good luck with your trades!
AWB Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
