AZY
The multi-month strange pennant phenomena continues... These, either ascending or descending pennants seem to be working well from my observations. Haven't posted many charts on it as I wasn't convinced, maybe I'm making them suit what I want to see -dunno yet.
Thought about (and mentioned here) about buying back in last week (but didn't). Has broken out of recent trading range, obvious target is a close above .03 to set up and attack .035 - the trading range resistance for a couple of months prior.
Created a decent white candle today, MACD heading up and has crossed recent moving average, potential bollinger squeeze in play too.
View attachment 378206
Today's volume isn't convincing enough to call it a break out, but will keep an eye on for when/if volume arrives.... known to be a little bit leaky prior to FA news - hunting in elephant territory right now with backing from RIO and news due any time now re: Citadel.
Has a decent market cap (+$29m) so not a boneyarder by any means. Caution required.
Worth a watch imo - might even tip if I buy back in.
