Morning all
Couple of charts and a few notes in regards to AZI mostly because it didnt trade out of its base as it got capped on Tuesday
AZI : Based for 2+ months with big accumulation and has now moved up to the next accumulation level. Golden cross on the daily chart signals a move is on the way. Patience might be required here so now i consider this to be a good ST hold. Broker data does not get any better than this, anyone calling this a dog stock is likely misguided. If anyone could lend an arguement as to why all this pro money is entering at these levels i would be happy to hear it. IBA buying another 3 million on market Monday now for a total of 21 million units purchased at 0.008. Want to have a contrarian view then fine, fire away. Here are some reasons i feel there is upside.
1. Ex ADT CEO has joined the company to lead the team he has also thrown $150k at it just after joining the co in the recent placement. Not exactly play money. Do you really think he is going to blow his reputation when im sure he could have quite easily picked up a job at plenty of other advanced exploration companies ?
2. There is currently a 30 hole diamond drill under way, with already known high grade results.
3. They already have an existing Jorc that is a indicated and inferred resource.
4. Professional money continues to load up.
5. Excellent investor presso, worth a listen to the recently announced Q and A session with the MD
HCH : Nice volume drop off last few sessions, one to watch today
TTB : Holding that 50sma after breaking back above few sessions back, one to watch. Seems to suppor the trend nicely.
Personal attacks are getting a little tiresome, its Xmas do we need to continue on with this right up until Xmas eve ?
And thats a wrap, thought i had some more charts elsewhere, looks like i may have accidently deleted them...
Will see what else i can find over the next hour.
All IMO
Cheers all
