AZM (AZUMAH Resources)TA Long Been basing for a couple of mths, good volume today on first buy day after recent initial rally attempt and retrace on falling volume, Buy signal was confirmed today IMO with close above 12c. and the 10DEMA Look for volume off this level possibly as early as tomorrow, or may have a quick tech retrace to 12c prior. I have 2 targets for this trade first is 16.5c or 32%, second is 21c or 68%
Expecting heavy resistance around 21.5-22c when the main breakout line and the 200 DEMA meet.
See chart below for details Red lines are resistance white lines are targets and green is support. Interesting that the small spike today did penetrate the initial breakout line.
