AVZ on the 1D - This has been a swing traders dream - I have been long since the retest of the breakout at $0.805 with a PT at 1.618 Fib $1.335. This sell off is day traders locking in profits after a very very profitable trade. Nice Confluence with the Fib + breakout target of the triangle. We also had a nice W pattern confirming the breakout and retest. We have been at the extreme of the BB for 15 days straight. I would be looking for a pullback towards one of three areas: $1.225, if we lose this area next stop $1.145 then we would look to be turning the $1 area into support (IMO we wont retrace down to here). RSI/Stoch both was OB on the 1D.
4H - Highlights the potential areas of support I mentioned above. EMA ribbons are being tested as support, lower BB at $1.15 - IMO we should look for a bounce at this range. RSI neutral at 50ish, Stoch OS - looking for a nice green candle to turn this bullish.
2W RSI - something to keep on your radar:
As always this is not financial advice DYOR.
If we get an positive ANN - TA/PA are out the window as always.
- Forums
- Charts
- AVZ chart
AVZ on the 1D - This has been a swing traders dream - I have...
-
- There are more pages in this discussion • 183 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AVZ (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online