Here is my view of AVZ.
In my opinion, it is going DOWN.
Key points are.
* Steep sloping trend lines are impulsive (ie with the current trend). Here we are looking at a 6 hr chart, so we will see up trends, however if you look at a 2 weekly chart, the trend is clearly down.
* Modestly sloping trend lines are corrective (ie against the trend). ie. Movement in July 2019 is corrective because the slope is not steep like the other impulsive moves.
* Take a look at the stochastic's circled at the bottom of the chart. The values are quite high now, and looking back in history you can see what happens after those levels.
* All the letters and numbers are Elliot wave counts. Ignore them if you don't know about it.
I know it's not what you want to hear but sometimes the truth (well as I see it) is hard.
I analyse 3 ASX lithium stocks and the NYSE Lithium ETF for several months now, and find there is great agreement, ie. further down side.
It will turn around but not in the next month.
This is my opinion only and not investment advice.
