The price seems to have reached the end of a period of "accumulation" at the bottom of a major downtrend; the break up through resistance signals a reversal to a new uptrend. The Head and Shoulders Bottom is created by three successive declines in the price following a significant downtrend. The lowest low (head) is in the middle, flanked by two higher lows (shoulders) at roughly the same level. Volume is highest as the price makes the first two declines, then diminishes through the right shoulder. Finally volume surges as the price closes above the neckline (drawn between the two highs) to confirm the reversal.
ntermediate-Term Bullish
Volume
6,123,826
1
Close Price
0.42
2
Target Price
0.60 - 0.64
3
Pattern Duration
82 days
4
Inbound Trend Duration
85 days
AZS Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
