AVZ 0.00% 78.0¢ avz minerals limited

AVZ chart, page-12989

  1. 6,271 Posts.
    lightbulb Created with Sketch. 2220
    I don't think you could offer any examples of that, because I simply call it as I see it.
    If the SP after hitting 99.5c is going down to 64.5c, it doesn't take any negative bias to describe the fact that it does or did. Sure it is shitty for ST and LT holders, I give you that, but drawdowns are a fact of live for 'buy and hold' investors. If you can't accept that fact become trader, but consider your personal tax position and also consider CGT implications.

    I saw $1.995 in LTR and held through the drawdown to $1.32 and so did many others for any number of personal reasons. That wasn't based on negative bias either, it simply was a fact. Quite a few of us bought extra shares around those levels and now enjoying the gain to $1.60 today. As it happened I charted all of the move from about 2c to $1.995, down to $1.32 and back up. No shitty attitude required just live with the facts of being a LT Holder.

    I have also charted AVZ from around 4c and also was holding at times, but as a trader. So I can tell you exactly what the SP movements were over time and I also posted a chart to that effect here not that long ago. The difference was, based on the rising channel containing the SP, I simply saw more upside in LTR and so that's were I put most of my capital.

    My what you call my shitty attitude towards AVZ has changed somewhat of late and so I see some more potential if as mentioned they getting there act together. Because I understand what is going on in an Ascending Triangle I feel more time is required to sort things out and so it is keeping me from going all in. I only can hope that after watching the video link I posted you might be able to understand where I'm coming from, because there should be quite few opportunities on the way to trade and possibly build a worthwhile position over time. If everything fails the final breakout and/or the backtest of the breakout line would see me finally commit to the next major wave up, when I will be happy to chart the advance for AVZ as well.

    As always time will tell!

    Those of you who want to remain ignorant please there is an action available to you it's call "ignore"! Those who have no understanding of TA, IMCO should either educate themselves or alternatively ignore this the AVZ charting threat. Well if that isn't a set of proactive ideas ...

    Anyway those of you who might have a 5 year old at home, let them watch the video I posted and then let them fill in this following chart ...
    https://hotcopper.com.au/data/attachments/4165/4165271-dee85a4e257f2da4655482fb9fb51a49.jpg
    After all you've got all weekend to manage that!
    Last edited by FlashPoint: 11/03/22
 
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