Appreciate the charts beisha. On a positive at least the RSI has fallen to a level where it can sustain a large second wave!
Fundamentally it’s really hard to see AVZ falling under 18.5c but stranger things have happened. Been looking at the chart myself over the weekend and am expecting a bounce this week purely off the fundamentals. Also feel most individuals have adjusted and realised this delay wasn’t all bad!
add in the fact the daily fall was on relatively low volume compared to the rise. Also could be explained by one party who sold 5m shares in one go.
Many on the sidelines and I feel a sniff of big news will get it going again. ML & Something else is brewing IMO.
Personally sensing 2-3 weeks from some solid news out of the DRC. slow rise back to 22 and breakthrough on some government news?
AVZ chart, page-10843
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