AUZ - chart, page-1166

I think this may be the end of the selling for now.  Seen a drop off in volume over the last few days, indicating the end of this move may be over.

Note the bounce off the 20 day MA at 12c and it was supported with little test or willingness to sell into it. And the Bollinger Bands are tightening indicating a break is likely either way.

Expect a possible retest of the 12c range next week. A break of the 12c support and a close below the 20 day MA (blue line below) would be bearish.



Next few days will be key IMO. Low volume selloffs during uptrends are no reason to worry. We just need news plus volume to push it higher. Considering some of the drops we have seen across the whole sector of late, AUZ has held up well and still looks supported despite the negativity.