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
There is a very delicious pennant/wedge formation on the AZY...
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $51.81M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $74.69K | 6.946M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 50 | 20322984 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 5699330 | 4 |
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| Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
| AZY (ASX) Chart |