AVZ chart, page-12292

Has the chart broken down ?



Imo, i think i broke down , didnt get that count right unfortunately , thought there was another sub wave in it, clearly not....

Kudos FP, i think your got one over me.........,

So , the folly of making predictions, bearish engulfing candle with above average volume played out today, its going to be tough for AVZ to break $1 this week now, lots of things would have to fall in place, like favourable MACRO and / or a TH for the ML.....lol

If reasonable support at the 23 fib holds then maybe there is a chance, but if that doesnt hold then 38 fib comes to play where there isnt alot of support , only when you get to the 50/61 fib lines do you find some.........if those latter scenarios play out, then you can forget it.

RSI has broken down from over bought conditions , could find support at 50 .

Of course the positives out of this retrace is that it provides a great opportunity to top up if you have spare cash, with plenty of juice in the tank for sub wave 3 up to follow..........


Once it finds a base, i will take that opportunity up with glee.



There is always a silver lining.


imo

GLTAH