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78.0¢ avz minerals limited

Todays SP has blown up a lot of your charting.

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kenpitt

2,231 Posts.

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16/02/22

18:08

Post #: 59617652
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Originally posted by FlashPoint: ↑

Be all of that as it may let's get back to charting, after all this is the AVZ charting thread.

The long black/red CS formed today implies relatively strong selling pressure, and shows that prices declined during the day significantly from open to close and the sellers were aggressive.
As SP broke through the black TL, another support level got broken at 78.5c and the 73.5c support is somewhat in doubt now as well. RSI dropped below the 50 level opening up possibilities for more negativity.
It is also interesting that while wave B up was underway SP was rising, but volume was falling. Now the SP is falling and volume is rising, which is a somewhat bearish sign.
As mentioned above this is simply my personal interpretation on what I see in the AVZ charts!

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Todays SP has blown up a lot of your charting.

AVZ Price at posting: 80.5¢ Sentiment: Hold Disclosure: Held
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