The chart now shows that the 50 day sma has been breached, and with significant volume at 52 million.
Picking the start point for the Fibonacci Retracement pattern is somewhat subjective in this case. However, using the low of 3.1c on 23-Jun-2017 as the start point, the Fib is shown below. The 61.8% retracement level is at 8.6c, which is just above strong support in the 8c to 8.5c range, and the RSI still has room to move to the downside. That is, from an RSI perspective, it is not very oversold yet, but it will be soon if the retracement continues.
Where to from here without news?
The chart now shows that the 50 day sma has been breached, and...
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Last
78.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.752B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| AVZ (ASX) Chart |
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