I don't profess to be knowledgeable on AZM or an expert on charting, but I do see that small gap in the chart of March 2010 from 26 to 28 cents is not far off being filled.
If you look on the 2 and a half year chart you can see the gap and the sustained sell off from Nov 2010 to the current day and draw a nice straight line through it.
I would draw a long bow and guess someone/institution has been shorting this share or initiated a sustained and controlled pushing down of the price to their target area. I have no proof of this only what I see on the chart.
Anyway, my buy target will be on that gap fill at 26 ish cents, hopefully then will recoup some money that this co has cost me already!
Just my thoughts, could be barking mad and in no way is this a buy recommendation, DYOR first.
What are others thoughts that could shed some more light on this?
I don't profess to be knowledgeable on AZM or an expert on...
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