Ausgroup (technical)

Ausgroup: Counter testing its 20MA today at $0.44. A close above may portend to a continuation on the positive momentum from a MACD crossover and increasing strength denoted by the ADX, supported by rising RSI and Stochastics. However, a close below the $0.44 level may see continued consolidation for the counter. Near term support at $0.415 followed by $0.37. Resistance at $0.44 followed by $0.46.