- Based on the technical indicators, continue going long
- Inverted Hammer candlestick is now forming which occurs mainly at the bottom of downtrends and can act as a warning of a potential reversal upward. ...this is circled in red and its based on the current price action on the daily chart.
- Core resistance from here is 15.5c (Red Line)
- Money flow into the stock remains intact and a buy signal
- Volume is positive
- RSI/Stochastic are overbought
- Death Cross from downtrend to Uptrend on the daily chart
- A break of 15.5c will do wonders for AVZ.
- Breakout is imminent and at play but when? We shall find out
- EMA's are looking Bullish.
- A close above 9.5c will be good which closes above the trend channel (in Blue)/
Have a good one
