In my opinion it's not about AZY news. It's about money flow out of the gold sector. I just looked at the weekly chart for the GDX index which peaked at about 9369 in about Jul/Aug 2020. Since then the index has dropped nearly 40% to 5797, money flow is at a low point and we have dropped below the 200 day moving average.
Money has flowed out of gold shares since mid 2020. This is a sector wide issue in my opinion. We want that to change for AZY to have a chance of a good run. It's been nearly 2 years. The million dollar question is when does the money flow return to gold shares.
I hope soon.
Break out happening, page-515
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Last
3.6¢ |
Change
0.004(12.5%) |
Mkt cap ! $171.9M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.7¢ | 3.3¢ | $1.290M | 36.81M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2642352 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 1976651 | 5 |
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| Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
| AZY (ASX) Chart |