Oil related industry has been badly beaten down. It will take quite long for the industries to recover. It appears that Ausgroup counter is in accumulation phase, attempting to break up. OBV is in ascending trend. If it cannot break the resistance, potentially, we will fall back to 0.02 range. Feel free to share your thoughts comments box. Note: This is not financial or investment advise. It will be good to always understand the risks involve in trading. Always trade with stop loss in place. Thumbs up if u like the analysis :)
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