6 posts on a stock you dont own , all FA on a TA thread, prior to all this BS, havnt seen you on an AVZ thread for years....
For someone who has openly stated they think TA is crap..........why are you here of all places ?
One of the main reasons AVZ has had a tumble is that the Elliott Wave theory completely tanked as sub wave 4 down got swamped with negative FA, so what you see here now is a GARTLEY pattern which does happen from time to time .
However the trend is your friend still for the DOW with that lower trend line still intact, worst case scenario as i see it could SP could drop to 33500 where good support lies, given the RSI 14 has now touched the low of 29 which as you can see in the past its bounced up from , i consider that worst case scenario.
ABC post wave 5 up is still playing out, however that strong green zone has heaps of support and that RSI 14 is well and truly in oversold position at 29, IMO, that green zone wont get penetrated to the downside or that would be very bearish, i would be stunned TBH if that hapened.!
Finally, AVZ chart, strong green zone , conciding with the 61fib ( 70.53 ) which has about 11 touches on that line, strong support, if that was to fail then 65c would be the floor, at the bottom end of that green zone.
I topped up half of my allocation on Friday, with the other staying on the side lines until i see a bottom.
Massive top up opportunity for folk with spare cash, and then wait for the engulfing candle to hit and AVZ is good to go for another 5 waves.........call it another super cycle wshen the MACRO decides to play again.
Of course this is IMO< IMO< IMO and should never be construed as advice especially with my pre ejaculation that macro markets were turning thursday morning.
Making predictions is for dumb nags....
imo
(20min delay)