Having a look at AAC this morning.
The short term indicators IMO are all bullish, with the MACD turning up, RSI and stochastics both trending out of 'oversold' levels. Looking for a run to $1.175 in the short term, with $1.23 then on the cards. Not a large move by anyone's language, however buying with a higher level of confidence in the short term direction and momentum.
Should the $1.23 level be taken out, the weekly indicators will start to light up and turn positive, opening the door for a move to $1.40 in the medium term. Iam encouraged by the fact that the RSI on the weekly chart has popped out of 'over sold' territory and would expect further support to come in when the RSI & stochastics turn green.
AAC - support found, indicators lining up
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 (20min delay)
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Last
$1.38 |
Change
-0.020(1.43%) |
Mkt cap ! $852.9M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.41 | $1.37 | $290.7K | 209.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 82812 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 2730 | 1 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| AAC (ASX) Chart |
