In my last AZH post (9 August) I mentioned my gut feeling that AZH may have bottomed at 33c.
Now there is something a bit more substantial to go on – a neat inverse head and shoulders formation.
The left shoulder was in late June, the right shoulder was on 21 August, there's a horizontal neckline at 41c and - importantly - we got a daily close above the neckline today.
The price action from the 99c top now looks like a bullish flag formation (on a logarithmic chart) - with AZH breaking to the topside from the flag in late July.
Things are looking up.
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In my last AZH post (9 August) I mentioned my gut feeling that...
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