Australia's largest stock trading and investment forum Australia's #1 stock forum

AVZ

Click for more information

0.00%

78.0¢ avz minerals limited

The way I see it and just my thinking aloud, another down day in...

First 12511 Last

Share
Profile

Follow
pokok

587 Posts.

55

14/02/22

19:07

Post #: 59564590
Share

Originally posted by FlashPoint: ↑

Following you earlier post I asked myself what is the problem here. I started a post in answer, but then I had to take a rest, because of all the things I didn’t say.

Anyway having seen a significant high at 99.5, followed by the 64.5c low and then seeing a lower high at 92c, TA logic would suggest SP to drop somewhat. How low is the question and is depending on what chart pattern might develop from here.

A fully blown ABC ZigZag correction would point towards a 57c low for wave C down. However there is such a pattern as a Running Flat, which would see the resulting low at an equal (64.5c) or even higher low like 70 or 72c.

So let’s just see if and when the ML might come through or any other positive news for that matter. Hopefully SP will manage to stay within the rising channel anyway!

Expand

The way I see it and just my thinking aloud, another down day in US tonight could see a drop to high 70ties a good night overnight and back to high 80ties this is how I see it trading until any announcement is made , so hard to chart when US conducts the world markets . keep up the charts good to look at but harder to make a decision using them .

AVZ Price at posting: 81.0¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 835 more messages in this thread...

First 12511 Last

Add AVZ (ASX) to my watchlist