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13/04/12
11:00
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"Anyone here trend trading AZH?
Draw a line from the low of 30c. AZN has bounced off 40c, 50c and hopefully will bounce off 60c levels.
Todays action shows a lot of buying when it hit 60.5 and 61c. I am in azh for the first time today.
Next week, I expect AZH to bounce off these levels if POG holds.
Could be wrong, but I doubt there are many people willing to sell AZH below 60c."
Seriously
Bounced off 40c. Bounced off 50c.
Confirmed bounce off 60c. Pretty much a no brainer.
Next stop 90c.
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