AVZ 0.00% 78.0¢ avz minerals limited

Technicals, page-3

  1. 3,117 Posts.
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    Hate to say it but there is a tonne of supply up to the 15c - 17.5c zone - I'm assuming stale old longer term bag holders likely trying to get out for break even or just a minor profit or loss - you see it all the time for stocks that have dropped significantly off their highs. I'm new to this stock at 9.9c from a couple of weeks ago so have only just started to focus on the price chart recently - the pattern breakout above 11c targets 18c but it could take some initial work to get rid of the supply between 11c and the target at 18c. E.
 
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Currently unlisted public company.

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