AVZ 0.00% 78.0¢ avz minerals limited

All will be fine!, page-51

  1. 1,581 Posts.
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    Fair analysis imo

    Sovereign risk in DRC is real and worsening. Whether or not one believes the mine is in danger from political upheaval some market participants are clearly factoring this into their analysis and the price is plunging as a result

    Breaking 0.20 price support yesterday was a huge milestone but it merely reflects a consistent downward trend that has steadily unfolded over the past few weeks.

    Only 5 green days in the last 25, and 1 in the last week. 50 day moving average breached three days ago, and 15 and 5 over a week ago. Value loss may accelerate rapidly when 100 day moving average is reached (in a week or two?)

    Technicals for this stock are awful (despite what some bleeding hearts would have you believe!)
 
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