Here's my interpretation of the chart. The major support line in green is at $0.29. The last 2 trading days resulted in a doji at $0.32 and today at $0.33. Doji is indecision but here, it could be a signal to the end of the red day that we saw on 16/1/18.
Positives - price stayed above $0.315 and despite common belief that it would close the gap, it did not. Today's doji is higher than yesterday's doji. Moving average 10 (blue line) is at $0.315. Higher high and higher lows still show uptrend.
I believe AVZ is going to trend whichever way the other lithium stocks are going for a few weeks.
Ichimoku still shows a bullish trend with 14/2/18 being the trigger for the Bull Senkou Span Cross. This should coincide with news.
Using Fib's projections, the next level to test is $0.35 with 50% at $0.40 and 100% projection at $0.49, close to the $0.50 price being thrown around here.
Simple interpretation; don't worry about the short term fluctuations and wait for news by mid February. Shareholders should be happy by then.
All in my own opinion.
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