Ausgroup opening was 0.055 earlier just now. The gap up today was strong but it also signals to take profit. The $100m contract that Ausgroup won has some effect on the stock and while it touched the supply zone now, I think it's just wise to lock in profits first. Back last month, Ausgroup had a good run and the volume was very high. I was wondering what could be the news and what drove the stock up but after weeks and weeks, I could find any answers/news and soon later, Ausgroup simmered off to 0.036 low. Shortly, the stock started to gained momentum again and burst into strength and the news was released yesterday. From the 5 minute chart, there was some collections and no pt. That was the signal that the stock was strong when it was about to released the news. Moving on to the next stock now.
Ronald K - Market Psychologist - A Stock Market Opportunist
