Been watching AUN and I think the time is right for an entry, I like these rect.
Strong uptrend, then retracement and consolidation, two support levels have stood up. Recent signal to enter has been the high volume days on the up and light volume on down days with a small curving move away from the support level at 1.15, currently 1.17 so a tight stop is easily employed. I see more support at 1.12- these are both low risk entries imo if you look at it as part of a continuing pattern. I bought today so you can see if I lose or win, nothing I can do about it now but study my trade- putting the info up here for discussion, we may all learn something. Target upside is a break beyond the resistance at 1.28 with measure being the height of the current rectangular pattern, so big reward if this is correct.
Here's the chart, anyone else hold? I like the fundamental prospects of this co too, tipped to be taken over with the media cross ownership laws due for a shakeup. Big turnaround financially in the last two years.
Note the multiple instances of support at the 1.15 support line. The arrows in the volume graph in the second chart point to the recent high vol on up days.