AZM azumah resources limited
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oversold

  1. GamblerK
    100 Posts.
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    30/03/12
    12:46
    Post #: 9918495
    It feels as though the big selling down at 27.5/28 is over. Well done to those who bought down there.

    AZM is way oversold and is now one of the cheapest gold stock out there (EV/Resource)

    I wouldn't be surprised to see either PRU or a major come in at these level and swoop it up.

    Gold price in AUD for the month is up. AZM announced a resource increase.

    For some reason the stock is down 22% for the month.

    Volume on the way down has not been massive.

    Like the subject says....oversold (IMO)
    AZM Price at posting: 28.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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