Below is a weekly chart of Australian Agricultural Company Ltd (AAC).
SP extended its rally today since a breakout above $1.55 resistance with conviction. Current area for resistance is the $1.65 - $1.70 area which it should break through over the next week due to bullish momentum. A pull-back to between $1.55 - $1.65 may be considered a buying opportunity.
MACD recently formed a bullish up-cross during early-Q2 since with an expanding +ve histogram. Histogram is at its highest level (0.04) and rising in over 5yrs. A bullish signal.
Stochastics has recently formed higher-lows since becoming near oversold during Q1. Stochastics %K is currently at 66.78 and rising which is at its highest level and rising since 3Q14 before a rally ensued. These are all bullish signals.
IMO bullish over the next 6 - 12mths. DYOR.
AAC Price Action
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Last
$1.37 |
Change
-0.005(0.36%) |
Mkt cap ! $852.9M | |||
| Open | High | Low | Value | Volume |
| $1.37 | $1.38 | $1.36 | $83.57K | 61.22K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 28673 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 9999 | 1 |
View Market Depth
| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| AAC (ASX) Chart |
