What an open, great movement up to 2.8c and 2.8c now being...

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TheArchitect

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14/02/17

12:02

Post #: 22595459
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Originally posted by TheArchitect ↑

Was waiting for the gap to potentially close at 1.9/2c, but watching it trade live and seeing the intra day charts, it's proven strong support at 2.2c
Gap not going to get closed, which is fine, it's not an issue, not all gaps get closed.

CR is at 2c and it was in the 3c level so that's understandable for the sell down to 2.2 which is close enough to the CR level and a decent entry at these levels 2.2-2.5c

Bounced off 2.2c Friday and today, with today confirming 2.2c as the base support level and that the gap won't be getting closed.

Intra Day chart looking strong, MACD turning up, has formed it's rounded bottom with the over extended curve noting the oversold area.

Support came in this morning with volume and soaking up supply at 2.2-2.3 and pushing to 2.5 and now soaking at 2.4c which is a nice entry level just above the support base.

I was happy to buy multiple parcels between 2.2-2.4 as it's close to the CR level of 2c

Low MC, not overly too many shares, decent cash.

Drilling started today.

Chart looks good. Maybe not for day-traders or very short term traders but for those looking for a lithium project that will give multi-bag returns over the next few weeks/months.

View attachment 460745

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What an open, great movement up to 2.8c and 2.8c now being soaked up and bought, building strongly.

Chart looking very bullish, back into the 3c level by end of week most likely.

Here's Yesterday's Chart I posted and then below today's movement, looks really good.

Still very cheap at this Market Cap, have seen far far less decent lithium stocks run to $100m MC on nothing.

Yesterday Chart:

Today's Chart 60min:

Daily Chart: What a bounce off 2.2c support.

AVZ Price at posting: 2.8¢ Sentiment: Buy Disclosure: Held
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What an open, great movement up to 2.8c and 2.8c now being...

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Air New Zealand ditches 2030 emissions targets – right as ASIC's Scope 3 reporting changes kick in for FY25

Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus

Super PITch gold sponsor RSM Australia: Can Diggers & Dealers 2024 be key to reinvigorating IPO activity?

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