AVZ 0.00% 78.0¢ avz minerals limited

One Outcome - The previous five cycle Elliott Wave up cycle had...

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    One Outcome - The previous five cycle Elliott Wave up cycle had a range (at closing) of 3c to 34c.

    So the range is 31c.

    AVZ has broken down through all support and it's not obvious from previous highs and lows as to what the lower support might be if any below here.

    Therefore ONE logical Outcome is to apply Fibonacci retrace targets and the next one down is 23.6% or a retrace of 76.4% of the previous range.

    That would be (based on closing values) … 10.3c. Let's call it 10.5c.

    That's the next obvious support to me if 14.5c fails and there's nothing on the chart that looks good here IMO.
 
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