It been a high volume day with some profit takers selling out which is understandable seeing AVZ has gone up so much lately. On the daily chart the price bounced off the support area at 0.077c and is hovering around the 0.083c resistance/support area. Even though the price has gone lower everyone should be mindful that someone bought those shares on the way down.
Going down to the 1 hour chart you can see how it is not wanting to go below the 0.083 support areas. There has been a lot of buying pressure lately so even now I can see the share price being pushed higher.
Maybe Kikker set up a shorting scenario here to push the price lower this morning, who knows. He certainly down ramps enough and this would explain a lot of things.
AIMO DYOR
AVZ chart, page-7840
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Change
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Mkt cap ! $2.752B |
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