Is it a cup and handle ?
Or is it an inverse head and shoulder ?
The 2 blue arrows are pointing to the respective shoulders which align and below that would be the head, consequently you could easily make a case for the cup and handle with the outline in black being the cup and the red arrow being the handle .......
@setfire2thehive, whats your thoughts ?
Either of those patterns are bullish, currently sitting on strong support @18.5c after 3 red poles plus a doji, should start pushing up from here, ideally dont want to see this drift much lower, there is still weakness in that RSI 14 and MACD so 18c cant be ruled out , I would be really surprised if it went lower than that, bearish if it did, IMO.
I would really like to think this is the last phase down before the charge up to break the 23c upper resistance line.............
Global X now 83, an all time high.
I havnt topped up yet, still waiting for a bottom to be confirmed, tomorrow will reveal more.
AVZ soooo under valued, FA and TA wise.
Everything IMO
No financial advice
