Aura Energy price breaking out of local resistance. Aura Energy LtdLSE_DLY:AURAStockso_SimpleThis one is playing out nicely since my first annotation. The price consolidated sideways around the 6p level for a few weeks, which in hindsight looks like a classic accumulation phase. Buyers were clearly finding value there. Thursday was the session that stood out. A bullish candle breaking out above the short term resistance on strong volume. Effort and result in agreement, exactly what you want to see confirming a breakout. The price is now trading back into a previous area of consolidation, so it will need to work its way through that overhead supply before it can make a run at the previous highs. Price target: 12p Potential reward: 66%