Triangle forming on the chart, $5.00 next target. My theory on the reason for the spike, insto bought x amount of shares at market price, if you have followed the buying since the low, which coincided with the end of the buyback, a lot of buying has been index related, so as the asx200 went up so did AJ Lucas. Someone read the report and said we'll have some of that thankyou and went chomp. Ironic that they announced that it was a bad year and next year will be better but it was a great year profit wise.
AJL Price at posting:
$4.16 Sentiment: Hold Disclosure: Held
