Everyone interprets the squiggly lines in a different way some indicators work for some and not for others - I consider 9.6c - to 11.5c to be a significant resistance zone particularly given the dilution created by that disastrous Pattos cap raise at multi year lows . there are a lot more shares on issue now compared to last time it traded above 11.5c
as others have highlighted the move from 1% price pips to 5% above 9.9c normally requires significant volume and churn to break through first hurdle to jump is to close above 9.6c
AVZ chart, page-7778
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