AZY 14.3% 1.6¢ antipa minerals limited

Alexander Elder's Triple Screen method works with AZY right now....

  1. 982 Posts.
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    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.

    AZYwklyMACD-H.gif

    AZYdly13ema.gif
 
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Last trade - 16.10pm 13/09/2024 (20 minute delay) ?
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