Ausgroup is in a falling wedge in the daily TF. It had broken up the falling wedge and now back-test the resistance line. It has resolved it Port Melville issue but it debt issue has not yet resolved. We shall know soon in Jan and I think this should get resolve.
The first target will be the red zone and looking for it to break the falling wedge some time this year.
The second target will be the yellow zone.The third target could only be achieved if it breaks up the yellow zone convincingly. This could happen when the Port Melville resume operation and complete the projects there, and oil and gas price recover.
The first target will be the red zone and looking for it to break the falling wedge some time this year.
The second target will be the yellow zone.The third target could only be achieved if it breaks up the yellow zone convincingly. This could happen when the Port Melville resume operation and complete the projects there, and oil and gas price recover.
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