Aumann LongAumann recently formed a bull flag. After a bullish break price came back and retested the former resistance of the bull flag which now beacame support. This price level was also the 0.5 retracement of the neckline building an inverse H&S pattern. Price increased significantly and failed to break the massive resistance between the 17-18 euro range. In the shorter time frame we could now see an uptrend continuing the inverse H&S pattern. Takeprofits are measured by the price difference between neckline and the low of the head. Interesting targets are the psychological 20 euro mark, the daily levels at 21.50/21.90 and the 1.618 fib projection.
