Nice balanced post as usual mate, love your work.
The way I am looking at the chart and following some nice fa announcements recently including today, i am fairly confident we wont be seeing 10c ever again .................unless that volcano spits some spew at AVZ headquarters....lol
Since double bottom 14, a good base build has been forming @ 15c and if the SP holds today, then we could be seeing a sub wave impulse 3 up forming which would we see SP pop out of the symmetrical triangle and challenge the resistance wall @ 18 - 20c.
I reckon distribution is over and accumulation is on.
Tale of the tape for AVZ
a) MACD has broken out
b) AO is showing good momentum
c) RSI 14 has broken out
d) 5 & 9 ema are flattening out and looking to cross 20sma.
All good signs that AVZ is on the rise.
Global X macro indicator looks to be reversing..............
SEZ, revised DFS , coming in the next 6 weeks, more OTs cant be far away , then the ML and BFS.
10c is toast, bring on the busting of the 18 - 20c resistance wall i say .
IMO
Not financial advice
GLTAH
AVZ chart, page-10704
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