AAC Australian Agricultural company
Benefits from the China free trade agreement.
Following our call on ELD at $2.10 AAC is now displaying the same attributes for a major technical move.
Manages 600,00 head of cattle, 18,900 hectares of cropping 7,000,000 hectares of cropping and grazing.
And it a breakout at $1.60! With a major basing pattern in place, Weekly primary trend is up and breaking out to a 5 year high.
This type of trade carries a small defined risk as the stop loss is at the breakout level of $1.60 or a few cents below.