AJX Charting, page-157

Mak,
Bound to be some breakout trading going on so I would imagine a pullback is on the cards as some short term profit taking kicks in, maybe in a few days if the the SP continues to climb.

The next area of resistance is around 75-76 cents which also aligns with the Fib 38.2% level. Fib levels have aligned with the major support and resistance areas for AJX pretty closely. The 75-76 cent level has resistance history in the March-April timeframe this year and January-April timeframe last year whilst providing support in December last year too.

Weekly at 12:00