chart

This is a textbook breakout, consolidate and run again chart.

BAU initially ran hard from 17c to 39c before setting up a tidy retracement back to 24c, it then bounced hard and broken out of this consolidation at 26c on big volume. It has since formed a nice tight triangle between 28c and 25.5c, we are now getting down to the pointy end of the triangle, with a strong move imminent. The first target is the previous run (39-17=22c) added onto the breakout point 26c, giving a nice target of 48c.

There are also several positive indicators adding to the strength of this chart. MACD, moving av, volume.

I wish i could post this chart, as it really is a beauty.

Good luck all.