Ausgroup breakout, likely the start of a new uptrend

Recent Edge article on Ausgroup signals the start of possible push of Ausgroup as oil prices recovered and AUsgroup expects more projects to be secured this coming quarter due to delays in the past year because of covid. Technical shows a breakout today with high volume. There has been a few false spikes in the past 12 months but the previous R at 0.025 is broken within an hour after doing a false breakdown to trick weak hands.