AVZ 0.00% 78.0¢ avz minerals limited

Running discussion on SP, page-30699

  1. 3,911 Posts.
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    Fundamentally there's a fair bit of noise thought i'd inject my opinion.
    -Capping, suppression, games, manipulation etc etc. Don't waste your time, happens across lots of stocks a lot of the time. highly improbable for anything to occur especially from a couple of people sending fyi's to AISC. IMO.
    Secondly, i wouldn't waste the breath or time commenting too much on manipulation, when i see it on stocks i don't hold it's generally from the unwaivered and unbiased head in the sand type posters who can't seem to fathom that some people might actually be selling and there's generally not a huge amount of buyer interest. Log onto any stock that's trading sideways and you'll see the bulls calling capping, manipulation etc etc. Reality is sellers and buyers have reached a mid-point where they agree on value.

    IMO, market is waiting for tangible news relating to offtakes and finance. I have said this for 18months even when the DFS started. i said it won't materially re-rate the company would just provide some liquidity. IMV unless either of those occur fundamentally there no massive movement.

    However, lets move to T/A because that looks like its reach/ing decision time.

    AVZ daily 26.JPG

    Daily MACD green.
    stochastic cross and upwards.
    against a trend line and the recent high 5.9c. 6c would see a mini run IMO.

    Avz weekly 15.JPG

    Weekly.
    MACD still very close to crossing green haven't seen that for a long time.
    Stochastic's have crossed, signalling a tentative long term entry.

    If there's a break to 6c with any sort of volume this could trigger a T/A run IMO.
    This may also coincide or be representative thereof of the markets increased expectation that the aforementioned fundamental news is increasing in likelihood or closer to realisation.

    Disclosure none today, but i did buy recently mid 5's, gap at 9c would be my target or the overhead trend line.

    SF2TH

    **edit broke the 6c mark whilst writing that post lol, lets see if i was correct.
    Last edited by setfire2thehive: 06/08/20
 
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