AVZ chart, page-964

I think no one cares about charts at the moment as we're all sitting on huge gains but I thought I'd share one.

Daily chart below - SP climbed outside bollie bands yesterday. I have a personal rule to always sell when the price moves outside of bollie bands. You can't go broke taking profits. If news drops on Monday, then I can always buy back in. The volume yesterday did look like something was up although I saw a bit of depth manipulation especially towards the end of the day when on the commsec app it showed 52M buyers vs 10M sellers and then half an hour later it was 32M buyers vs 17M sellers. Was it a scare tactic?

Anyways, RSI and stochs in overbought zone but I wouldn't expect any less from AVZ at this point. The 2 trend lines are possible retrace points based on my opinions only. I can't see it dropping to anywhere in the 6 cent range anymore and may not touch the 7 cent range as well IMO.


Hourly chart - Circled below is where the SP could drift to if no news next week. As I said, I think the 7 cent range is accounted for and we may not be buying there again.


But this all depends on news of course. Long-termers can disregard this post and sleep well