AZS 0.00% $3.69 azure minerals limited

Downtrend

  1. 1,581 Posts.
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    I’m no technicals guru (far from it) and not sure how useful TA is to predict price movement for a small-cap low liquidity stock like Azure anyway. Also not sure what effect recent consol had on technical movements (short stops & buy triggers erased etc)

    Notwithstanding those qualifications and caveats, I want to understand current price movements from a technical perspective. Can anyone help shed light? In particular, I want to know where support might be

    I was thinking 34c might give us a floor. I say this because 1.6 was a key resistance prior to consol. The price also bounced from 34c on a couple of occasions recently. I know its speculative and circumstantial but I think it’s a discussion worth having. Thoughts?
    Last edited by Mossberg: 21/12/17
 
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