Not going to the extremes as we need this to break the 0.15 resistance. But this is a very healthy chart. You have had the Golden Cross on the 24/2/12 with the 200ma offering strong support for close to a month. Purists would argue that no MA is giving anything support. But for me the significance of that signal is that price remained in the area of the bulls that entire time with only one breach. Indicators are very healthy and have further to give. Once the resistance is broken next resistance is around the 0.17 area. I know you’re not a short term trader, so I focused more on the mid term. So in a nut shell this has a lot higher to go once 0.15 breaks. I’ll update this chart as it’s required if you like.
AOK Price at posting:
15.0¢ Sentiment: None Disclosure: Not Held
