Alexander Elder's Triple Screen method works with AZY right now. Some call it the water metaphor - tides, waves and ripples.
There are 3 steps and the first is a look at the weekly to detect the market tide. The MACD-Histogram is recommended and if you have a bullish divergence, market tide is turning bullish.
Bingo, the AZY has it.
Step 2 involves a take on the daily chart with an oscillator such as a Stochastic. Bingo, the Slow Stochastic is one that ticks the box.
Step 3 involves an MA such as the 13-day EMA. Bingo, again. The 13-day ema has turned up and recent price action jumped above the trace. If price continues to close > a rising 13-d EMA, then the bulls are prevailing.
Then watch for support and resistance levels and buy on a bounce from support.
First chart is the step 1 weekly with bullish MACD-Histo divergence.
Second is the daily with 13ema and Slow Stoch.
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Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $56.52M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.2¢ | $42.55K | 3.551M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 14226218 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 12565248 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 14201663 | 0.011 |
54 | 20952853 | 0.010 |
32 | 13709155 | 0.009 |
15 | 7739820 | 0.008 |
4 | 2250000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 11815248 | 12 |
0.013 | 10067216 | 7 |
0.014 | 6141789 | 9 |
0.015 | 3568929 | 8 |
0.016 | 4915631 | 11 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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AZY (ASX) Chart |