Selling is being absorbed nicely now. Depth leaning towards a move up after supply subsiding. Happy with the lowish volume pullback and gap fill!
So who sold this morning? IMO AVZ holders who got caught out when TH became suspension, then throw T2 traders in the mix = a bit of capitulation, but still relatively light volume considering.
When AVZ does trade again there will be decent money flows out of AVZ due to being a CR and overhang etc. only natural. Where will money be flowing? Those that sold this morning will get back in and also lots more who want to realize some AVZ profits and want some leveraged spec exposure via a low MC 4CE.
Another pump is coming and good time to get reset.
4CE Price at posting:
3.9¢ Sentiment: Buy Disclosure: Not Held
