AVZ 0.00% 4.5¢ avz minerals limited

Morning all, After yesterday's extremely encouraging business...

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    Morning all,

    After yesterday's extremely encouraging business update and podcast interview, thought I'd share some musings from a TA perspective. The daily chart below highlights the recent bullish event in June 2019 where the 50dma crossed above the 90dma and for first time since Nov 2016 (which back then resulted in a 2750% rally from 1.3c - 37c).

    This appetizer looks to be a pre-curser to the main event i.e. the approaching Golden Cross - a bullish technical event whereby the 50dma crosses above the 200dma. It appears as though the TA and FA stars might be finally coming into alignment, given recent positive updates added to overall massive fundamental improvements made to the business/project over the last couple of years.

    AVZ daily chart Nov 2017 - Aug  2019.png

    All of the above IMHO.



    p.s. good to see the US market rallying strong overnight.
    Last edited by elphamale: 14/08/19
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