AVZ 0.00% 78.0¢ avz minerals limited

I originally posted this chart showing the ascending broadening...

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    I originally posted this chart showing the ascending broadening wedge when the stock was still confined within the wedge - after it broke it back tested the wedge confluence at the horizontal resistance line and failed - its been all downhill since as the channel shows a near text book wedge pattern completion

    Bollinger bands RSI and PSAR are lagging indicators and are more usefull to short term trading IMO !

    Ascending broadening wedge !

    here is the update as at last nights close


    avz wedge.png


    Edit as I type the pennant triangle drawn on my simple bar chart has been breached and 8.5c support has been broken
    Last edited by h00ts: 26/06/18
 
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