There is a very delicious pennant/wedge formation on the AZY daily chart.
The chart is now in the 'sweet spot' for a breakout (as opposed to the wet spot, lol).
It should move upward either today or Monday/Tuesday next week. Obviously we have pending news which would be the catalyst, but I would expect a possible breakout before news arrives as a bit of FOMO creeps in.
Look for increasing volume soon without a movement in price to signal the start of the breakout.
the breakout target is 2.7c, there is however potential resistance at 2c.
Best of luck
AZY - pennant alert
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $96.73M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 2.0¢ | $235.0K | 11.54M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 632259 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 2281600 | 3 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| AZY (ASX) Chart |