I'm glad you asked. For two days last week, AUZ momentarily went above its 200-day moving average. It had attempted this back in May, but didn't quite get through. Fast forwarding to September, the 200MA was breached, which hasn't occurred since mid-2018:
Last week's price action has remained above a recent double top, which some might say is a promising sign. The shooting star/gravestone doji on 14 August stopped the previous rally, but might now act as new support:
Switching to the monthly view - and using a Heikin Ashi chart (which cuts out some of the noise) - early price action for September may show a trend reversal, with the first green (monthly) candle since April 2018. In saying this, we're only one-third into September, so this candle may change:
AUZ Chart, page-5456
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Last
1.0¢ |
Change
0.001(5.56%) |
Mkt cap ! $13.28M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 1.0¢ | 0.9¢ | $2.141K | 232.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 2249838 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 9068894 | 29 |
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| Last trade - 10.24am 24/07/2024 (20 minute delay) ? |
| AUZ (ASX) Chart |