AVZ chart, page-4931

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Mining8

2,362 Posts.

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26/06/18

09:37

Post #: 33945723
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Originally posted by race ↑

I think it’s more helpful to just look at the chart for what it is using sinple Bollinger bands and PSAR:

Pretty clear that we have a sideways movement out of the downtrend.

MACD has crossed the EMA again which is bullish.

@h00ts posted yesterday that the average was $0.091(?) yesterday so ignore the closing price.

Notice how the candles are hugging the PSAR, this suggests they want to cross over but waiting for a catalyst. Hopefully more assays or re-entry but tax loss sellers will do the trick.

Finally take a look at RSI which is very low (just like Williams %R and Stoch indicators) suggesting oversold.

5-day chart look at RSI!

This mornings depth so far suggests last of tax selling could actually be over:

Too many candles since news of the KE sell down broke. One of the T20s sold a lot, but most others holding steady and some have added. No further change notice from KE as he is in a black out window.

4 trading days left until July.

All opinion only, not advice, do your own research

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Last week the recovery began after the Klaus situation. Despite what the naysayers were saying daily VWAPS were higher, sometimes much higher than the closing prices. So despite the manipulation to make you think otherwise the buyers were back. Cannot wait for the next drill results which are imminent!

Last edited by Mining8: 26/06/18

AVZ Price at posting: 8.8¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

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