To me, the graph depicts the "generic" life cycle of a junior mining explorer and it offers an explanation to AVZ's current chart structure. The generic structure of the graph must have been the product of the chart structures of thousands of juniors and their progression into majors after reaching significant milestones and with time (x-axis). So if one assumes that everything goes "right" (funding, construction, profitability etc) for AVZ's journey from a junior to a major, then statistically, the probability of a new high is then quite likely. I think this is the basic axiom of the graph.
The MACD is giving an indication that the selling momentum has progressively slowed.
Whether the share price will have more to fall or not, no idea, I just hope 3.8c was the selling climax and now AVZ has entered into a stage of accumulation before the next uptrend. I've been thinking recently, with a story like AVZs and the macro story of the EV revolution, there's no way composite operators won't want to take advantage and make a tonne of money again when the lithium sector picks up and AVZ goes back into beast-mode. My wishful thinking anyway...
Also @h00ts
Technically, PLS hasn't gone through a "full cycle" because their mine isn't depleted yet (according to the graph)
