AVZ 0.00% 78.0¢ avz minerals limited

AVZ chart, page-9598

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    Sp double top high on the bollie bands ( black arrow ), nice move from 7.2 so a retrace was to be expected, price tends to gravitate to the middle of the BB, so 8.1 / 8.3 ( 50 fib ) is probably my guess, 61 fib 7.9 cant be ruled out either, doesnt matter to me, this presents an opportunity to top up before the next leg up which is to challenge and surpass 10.5.

    Watch out for the 50ema cross 20sma, thats not far away and that will be explosive.

    In summary, short term weakness to start next week and then watch it build later from there.

    imo
 
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