Well I notice the break through to 25.25 today ... but as yet no follow through with volume above 25c. Trading above 25c with gusto will be the confirmation. Top that off with a close above 25c as final confirmation that 25c resistance area is broken.
So surprising for me is whats lacking thus far today ...is conviction from bulls, aka volume above 25c. Buyers still outnumber sellers in total volume terms at approx 2:1 on queue at least at time of writing. If no conviction by bulls is forthcoming then back to support @ 22-23 we will go.
Meanwhile sector wide, the main lithium plays on the ASX continue their march on up and most are green again today with stalwarts ORE, GXY, setting new highs leading the pack... So the peer gap continues to widen and hence AVZ becomes cheaper relatively with each of the main sector constituents share price advance.
AVZ chart, page-1838
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