Looks to me like FOMO buying over the past two days. People would rather be on board over the Easter break so as not to miss out should news arrive prior to the market opening on Tuesday.
MACD trend is certainly up now plus the SP has passed through the 50 day SMA.
We could very well test the FIB 50% retracement upon close this afternoon.
Still a very cheap stock price based on 400,000 tonnes of lithium....around 35c per tonne I believe.
[ATTACH] Looks to me like FOMO buying over the past two days....
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| AVZ (ASX) Chart |
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