Australian stocks to watch

[tech/a]

Quite a few companies looking to break out of long consolidation patterns/Trading Ranges. This one has bounced along since 2009. Monday hit the top of that range and rejected very hard. If that days high can be penetrated with a high close it should be all systems go for a decent trend developing.

Agree.
But I think we will find the gap tested before a new closing high.
I'd expect an inside day--- common on such strength.