AUZ 6.67% 0.8¢ australian mines limited

Needless to say we are at a very critical juncture for AUZ here,...

  1. 143 Posts.
    lightbulb Created with Sketch. 44
    Needless to say we are at a very critical juncture for AUZ here, especially looking at it from a TA point of view.

    As previously mentioned, the AUZ chart is resembling a Parabolic Breakout.....very closely:





    The Assay results look to be perfectly timed to initiate the breakout, provided they are positive (which many are predicting they will be).

    There has been support at 0.024, where we closed on Friday. So you'd hope with FOMO leading up to the results THIS COMING WEEK,  we can bounce off 0.024 before the announcement of results.

    I was curious at the timing of the CR Ann, but this gives investors the chance to assess the results before committing to the CR. This seems to indicate management's confidence in the work they are doing at Dixon.

    Fingers crossed on the results, but the technicals show that we may see the second leg up this week.

    GLTAH & DYOR
 
watchlist Created with Sketch. Add AUZ (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.