The share price hit 38 cents. Up 4.1% from yesterday's close.
I am no expert on technical analysis but every major jump in AZZ (in the last couple of months) is met by a triangle dip and then it continues going up again. Going by what it has done in the past the share price should rise substantially again.
The volumes are much lower today which might indicate that the profit takes have stopped dumping and the buyers are now having to bid higher to get their peice of the AZZ pie.
The share price rises quickly when people have buy bids in and the share price goes higher, and then they get frustrated and just buy at the sellers price and a viscous cycle occurs.
Fingers crossed that AZZ can keep its gains for today. A rising share price will encourage speculative short term traders.
Good luck
AZZ Price at posting:
38.0¢ Sentiment: ST Buy Disclosure: Held
