AVZ chart, page-6769

Reaching the decision point.

Pro's
Stochastics reaching oversold on the daily
MACD rolling under
Support at 5.5/5.7 range tested and held many times
Recent upwards trend support still in play

Con's
Still in downward channel
Tried to get back over 6.4c the 61.8c Fib and failed a few times

IMO: If it breaks below 5.5c i dont think it's got the legs to go any further oversold so lower support line should hold. If it break the downwards channel (looks likely) 6.4c will set it off on a run.

If i was looking to enter i wouldn't be waiting much longer. Would be buying at 5.6c and again at 5.2c ish (probs won't fill)
If i was looking to offload i'd set sells at 6.3/6.4c and a trailing stop breaking above that.

SF2TH