AVZ - Great ANN today! Just taking a look at HTF for long term holders:
12H - This is a great looking chart - HH + HL, $1 now confirmed as support. I want to see a close above the POC and continuation. Also looking for more volume to confirm continuation to the upside. EMA ribbons are always strong support in an uptrend and there was nice confluence with the range low. We have a nice trend line (16') that is being respected.
Stoch RSI shows selling pressure has stopped and buyers stepped in. I find this useful on the HTF charts as it highlights momentum very very well. Looking back at the last 3 buying opportunities on the stoch rsi show: Jan 22 - 37% increases, 24th Feb - 33% increased and 17th May 58% increase. PT for this impulse is $1.65 (1.618 FOB)
Just highlighting the Stoch on the weekly:
IMO this one is loaded the ready for the next move up. DYOR and not financial advice!
M
AVZ - Great ANN today! Just taking a look at HTF for long term...
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