Trading with the trend and overlooking the fundamentals leads to big profits. Once KDR and AVZ traded above the 200-day moving average early last year, they were a strong buy.
Don't expect any sharp V reversals. With today's new $0.13 low, price needs to close above $0.16 before traders would consider entering. But this is high risk buying because price is well below declining shorter and longer-term moving averages. Even the 200-day EMA is starting to turn down.
AVZ completely ignored today's news result. Downside momentum reflectors investors' collective mindset.
AVZ chart, page-4029
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