Southcorp has broken support at $6.00 on higher volume and looks like it needs a rest after a good move up. A move back to support - old tops - at $5.20 is indicated. This is also around the mid point of $4.00 and $6.70 at $5.35

; better buying levels. This would make a retracement in an up trend. Southcorp in the past has shown a bit of a history of retracing past the 50% to about the 61% level so around $5.10 is possible.

A stock, to break new highs, usually makes retracements first.