AVZ 0.00% 78.0¢ avz minerals limited

[ATTACH] Pro's Found support at 5.6c 50 EMA just below for...

  1. 3,906 Posts.
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    AVZ 6.JPG

    Pro's
    Found support at 5.6c
    50 EMA just below for additional support
    Upwards trend support not far off either
    RSI on daily turning
    Slow stochastics turning

    Con's
    Still in a downward channel,
    Bounced of 15 EMA twice to no prevail
    Fibonacci 61.8% retrace breached which makes the pattern invalid unless it complete a full cycle 100% IMO

    A break downward from 5.6c IMO will only go to 5.1/5.2c. Looks more likely to break upwards and be range-bound 6.4-7.3c.

    *sentiment set to hold to reflect actions today as i sold options at 4.5c and purchased AVZ at 5.6c
    *disclosure long - currently trying to change 7 digits of AVZO over to AVZ taking advantage of price swings.

    SF2TH
    Last edited by setfire2thehive: 14/06/19
 
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