AQC 22.3% 12.5¢ australian pacific coal limited

AQC Chart

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    I wanted to start a chart thread here for anyone interested in technical analysis and charting. Not sure how popular it will be as it's pretty quiet over here. However, now that we have broken out from base lows things starts to get interesting. Obviously this coincides with near term production looking good.
    From the chart shown here, the original breakout came with good volume as has each large green candle to continue the upward momentum. Recent large red candles have had smaller volumes. The price is still holding the fast moving averages with a notable drop off in volume.So it appears to be consolidating nicely. In an ideal setting, we just want to keep it above the 10ema on the chart to keep momentum going strongly. The price is also back within the bollingers which is more sustainable and they're angling upwards for the first time in a long while. Hope we see another push up towards 20c followed by some more consolidation there. Any bit of positive news will obviously bolster the move. Of course with all of this, one has to have the overall market and coal sector in particular at your back...a rising tide lifts all boats as they say. Of note, the current price of high quality thermal at around $150 usd atm is great, especially during shoulder season, so that helps also.
    https://hotcopper.com.au/data/attachments/6401/6401928-569717a564605c239077de4a856a46f5.jpg
 
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