I’m no technicals guru (far from it) and not sure how useful TA is to predict price movement for a small-cap low liquidity stock like Azure anyway. Also not sure what effect recent consol had on technical movements (short stops & buy triggers erased etc)
Notwithstanding those qualifications and caveats, I want to understand current price movements from a technical perspective. Can anyone help shed light? In particular, I want to know where support might be
I was thinking 34c might give us a floor. I say this because 1.6 was a key resistance prior to consol. The price also bounced from 34c on a couple of occasions recently. I know its speculative and circumstantial but I think it’s a discussion worth having. Thoughts?