Well It didn't quite reach the .618 fib retracement level today, which is at 33c Next one is 0.5 at 32c. If it hit's the last support at 0.0 it will be to fill that gap at 29c. But doesn't seem likely at this stage. Still trading above the MA and still in uptrend.
RSI in a Goldielocks zone too at 68.
Not seeing any divergence on the MACD and actually it shows a bullish cross as of yesterday, which is probably why bears couldn't push lower today. Possibly a mini pennant forming which is also a good sign.
Might need to wait for all the sentiment to emerge on the snouts in trough announcement.
Give it a few more days.
AVZ Price at posting:
34.5¢ Sentiment: None Disclosure: Held