Golden Agriculture overcame resistance at 72c. This is a many times tested resistance and it is also where the 100dMA is approximating. Volume was not exceptionally high which makes the breakout somewhat less convincing but a breakout is a breakout and should be treated as such. In the next session, we could see breakout chasers buying up the shares of  this counter. This could initially push price higher to close the gap formed on 20 January 2011 and this would be the immediate target of 76c. In time, we could see price overcoming gap resistance with an eventual target of 80c. For anyone who might want to take a chance that the counter would go higher in price, a smallish hedge is wise since momentum oscillators are all in their overbought regions. With trading volume unimpressive, a pull back to retest supports cannot be ruled out.  Resistance turned support ......