Volume is quite telling so far, looks like sellers continue to sell out but this time, buyers have stepped up and absorbed it.
How much more selling can there be? Who would sell now?Its all a desperate attempt to keep it suppressed but I can see a solid base forming today and a new channel being formed off this low.
After-all, the current trend line would have taken us months to hit 1.60
Given Mining License i coming in 4 weeks max, to hit 1.60 (ML + BFS+ Funding completed) we need to go vertical and rise almost 45% from here or 10 percent a week.
Today's volume absorption and green day creates the support level for the upcoming channel IMO.
Interestingly, at the completion of this next few steps, where is AVZ in comparison to its peers?
Here's a 3 month view
Around 60% under performing the likes of CXO / LKE which id o not believe have nearly as good developments as AVZ in the same periodIMO
