Just looking at your last 2 posts,I agree but I believe the...

Just looking at your last 2 posts,I agree but I believe the following points need to be considered with the AVZ chart and investors should not get caught up in the short term noise being made at the moment.

I'm the first one to admit I'm a pure novice in this area but am currently undertaking an education in charting and appreciate others more experienced view,however :

1. Charting on a speculative stock (and that's what AVZ is currently,although derisking daily)
will always be challenging due to the price being able to be manipulated and pushed around on light volume as we see nearly on a daily basis.This is why charting is probably a better indicator for a Blue Chip stock.

2.To get a real indication of the trend of a company you should look at the weekly chart first to confirm an uptrend of 12 bars with 3 bars touching the trendline to confirm the uptrend.I also understand that the price doesn't have to actually touch but to be within 2% from the lowest price to the trendline to validate 3 touches.

3.I would then look at the daily chart to calculate my entry.
I understand day traders will look at the daily chart when trading for pips but the majority of posters that are longs (myself included) were attracted to AVZ for the fundamentals. We are here for the eventual reward and the chart is more of a nice to know rather than a need to know.
My interpretation of the chart is that we appear to be in an unconfirmed up trend. This will not become confirmed until the appearance of the bars for the next 3 weeks,but at this stage the chart appears to be positive.
I have 3 touches on the weeks ending 27 March,1 May and 29 May and will watching with interest.
Happy for others constructive input and hopefully we can all learn.
Good luck to all holders.