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78.0¢ avz minerals limited

[ATTACH] Appears to have broken the downtrend shown in red with...

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setfire2thehive

3,908 Posts.

12443

10/10/19

11:32

Post #: 40811756
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Originally posted by setfire2thehive ↑

Hi mate,

Yes it broke through the support zone and the next short term one shown in orange at 4c.
All indicators showing oversold which has typically been a decent entry level.

It dropped out the bottom bollinger also so should bounce back based on that.

If no news i think we might see 4c. Given the lack on volume lately - we're currently just moving with the greater market sentiment. AJM on the move looks good though hopefully some positive news in a quarterly can improve the sentiment in the sector.

I'll average up at 4c medium term target the blue lines.
needs to get into the yellow circle area to look healthy.

View attachment 1762226

SF2TH

Expand

Appears to have broken the downtrend shown in red with a bit of strength on the daily.
Will be range bound in the orange zone for now.
Break above the orange at 4.5/4.6c bullish, break below the orange at 4.0c bearish.

Major overhead resistance shown in blue.
Major support will be at the 52W low of 3.7/3.8c

Positive news monday would be well timed T/A wise.

SF2TH

Last edited by setfire2thehive: 10/10/19

AVZ Price at posting: 4.5¢ Sentiment: None Disclosure: Held
6 Upvote

0 Great analysis

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