Im no chartist so please correct me if i'm wrong @h00ts
I'm sure the price is being capped for accumulation. But when will accumulation be over? Its still early days to define on charts when a break out will be ready but hopefully this chart can give an idea of what the volume trend line looks like so far.
When we test our wall currently at around 15-16 cents profit takers sell off. As per the volume trend line you can see the volume has decreased the second time we hit our wall. I believe when the 16 cent testing volume has decreased to a point where its no longer viable to accumulate at this level a break out will occur.
How long until accumulation is over, i am unsure... I am hoping some of the more experienced chartists could help here? That is if i am on the right path, haha!
Keen to hear others thoughts on this.
Cheers,
Im no chartist so please correct me if i'm wrong @h00ts I'm sure...
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| Open | High | Low | Value | Volume |
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| AVZ (ASX) Chart |
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