AVZ chart, page-3642

An aggressive short-term trader could try to profit by buying AVZ at $0.175 and selling at $0.185. That's a 5.7% return minus brokerage. More experienced traders would view this trading range strategy as too risky because the downtrend is too well established. I use multiple moving averages as default on all my charts. The AVZ shorter-term moving averages are below the declining longer-term moving averages. The longer-term averages are an inferred proxy for investor sentiment. The shorter-term averages represent more active swing and day-trade traders.

The ASX lithium sector in general is weak. I keep a dedicated chart watchlist of all the ASX lithium stocks that are monitored every evening. Even stronger stocks such as AGY and ORE are struggling. AJM is starting to break down, but the chart is still stronger than AVZ. KDR is one of the few lithium miners in an uptrend.

GSC is the strongest of the lot. The GSC chart looks similar to A2M. Trend followers look for charts with price bars above rising 130 and 200-day moving averages, and buy on relative weakness. These charts inspire me to mainly rely on trend following indicators. FA sentiment can often reach extreme bullish sentiment consensus near the top of an overextended parabolic rise. Very few FA traders would have shorted AVZ around $0.35.