Hi guys, in this end of the market, fundamentals often don’t mean much in near and medium terms. Long term? Well, I’m too old to worry about long term stuff.
If you are like me, trying to make a dollar from the shares and not to make love with the shares, then you would probably agree with the old wisdom: trend is your friend. Go along with the price action (what really matters in my opinion) and don’t fight it with your own money.
Chart below has a timeframe of daily. Ranging from July 2017 up to last Friday 6th April 18.
Personally I’ll watch price action around $0.16 to $0.20 and see where the big boys will take the AVZ. Look forward to getting back in……
AVZ Price at posting:
22.0¢ Sentiment: Buy Disclosure: Not Held