While we are onto the weekly AVZ chart here is my updated weekly, showing the uptrend of late and the CS I was discussing above and some Wyckoff Method as I understand it in the AVZ case. As an aside, apart from Indicators like the RSI, the MACD and the Stochastic located in overbought territory, there is currently also a quite obvious negative divergence visible in the RSI. Now the negative divergence in the RSI could be resolved by the AVZ SP rising further and with that the RSI topping the red descending line
Should anyone be interested in looking at my Fibonacci retracement applications, the red levels indicated on the right simply are suggesting levels for a possible pullback or correction.
AVZ Price at posting:
52.5¢ Sentiment: None Disclosure: Not Held
