Whilst there's a fair bit of emotive discussion on the other threads thought i'd inject an objection view based on the technical signatures.
For me the main pattern is the descending wedge which will be the main trigger for a break down or up.
MACD is green but losing strength after the rejected of trend.
Stochastics haven't crossed bearish but close.
RSI is green but weakening.
All in all they're pretty neutral but would think it's short term softening.
Weekly.
MACD bearish and still no signs of weakening (need the dark red candle)
Stochastics are into the oversold zone
RSI heading towards oversold and showing signs of softening.
All these indicators are currently bearish but look to be weakening.
IMV i think this tracks the descending wedge down until hitting the long term trend line towards end of the month start of next month. This would likely coincide with 14c double bottom test and bounce.
overhead targets would be 18-19.5c where it dropped out the bull trend.
If 14c or the trend line fails there's not much until 10.5c.
*disclosure long holder since 2017. would personally throw more capital at 10.5/11c as that would be fairly overdone.
As we all know a lot of news in the pipeline - along with a lot of really good news already but objectively and technical lens only - all of the above is the case IMO.
SF2TH
AVZ chart, page-10701
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