In 1AG's case, the 12-months High is somewhat irrelevant because the stock has been in a drawn-out downtrend. If I were to looking for a break level in recent times, I'd be picking 4.3c established in July. That has already been broken, and with convincing volume at that.
The problem I'm having with the curr4ent breakout is an impression of artificial, or "purposeful" push-up. Note how only a small number of shares were involved in each daily push higher, and buy orders have been (and are still being) pulled or taken back as soon as they achieved their purpose.
These discrepancies, I have found, are often picked up with the help of a shorter-term MACD as in the above chart. Notice the Bearish Divergence between the last two peaks in MACD vs the equivalent peaks in Price. IME, MACD direction will win out more often than not. Until I see proof that this is one of those rare exceptions, I'll hold back.
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