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Ann: Nickel-Copper Sulphides Intersected at Second Andover Prosp, page-48

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DoctorP

109 Posts.

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22/01/21

22:24

Post #: 50390676
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Originally posted by MrLong2019: ↑

Thanks for writing, and please do watch out for those spiteful "regular uprampers" on this forum who can't accept my justified change of sentiment from Sell to Buy recently. The fact that I'm consistently correct, and use technical analysis to gauge movement (which they say is "impossible for an explorer stock" upsets them greatly.

Today's drilling news was highly positive, insofar that all 3 holes drilled intersected nickel mineralisation around 3km away from their last drill hole (at VC-07.) Personally, I thought they'd be completely dry.

Specifically, Holes 9 and 10 both hit intervals of massive sulphide (visual estimates only.) This is what investors want to hear. I recommend you read page 7 of today's announcement, and note the grey highlighted rows as those interval type and lengths are significant to Azure.

Technical Analysis (TA) showed me a plausible base at the 100 day moving average (daily charts) and I've been reporting that since Dec 2020. This coincided with the move to 46 cents on Monday and Tuesday.

I believe the selloff is well and truly finished and Azure may never drop below the psychological 50 cent level again.

TA now shows a path to 67 cents short term via the 100 day moving average (daily) and much, much higher should that level be breached consistently. Here is my chart with 3 technicals that support higher prices:

Lastly, I chose to become a long-term investor recently due to a bullish change in technicals - not fundamentals.

Good luck to all.

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Thanks for your reply MrLong.

Are you able to elaborate on your interpretation of page 7?

I have AZS since 2004 and have suffered over the years. I am no expert in reading and understand drilling reports, as are some, so I appreciate your posts as I do @dolcevita

AZS Price at posting: 52.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

1 Great analysis

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Ann: Nickel-Copper Sulphides Intersected at Second Andover Prosp, page-48

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