Low volume today could be an indication that whoever has been off loading has finally finished. Sell depth up to 6c is very thin. Won't take much to get this moving. On the buy side there appears to be increasing support above 4.5c. Can't see it staying around 5c for much longer. With news pending over the coming weeks would have to be one of the better buys on the market with very little downside risk now that the capital raising is out of the way.
For those that have been holding over the past few weeks it has been interesting to watch how what seems to be quite a positive announcement is met with a sell down. Also on a daily basis for some time now the price has been pushed down with a selloff at close, this did not happen today.It will be interesting to see what happens with the next announcement. If the major shareholder has finished off loading and this is allowed to run will be intersting to see where this ends up. Well worth having on your watch list.
AZS Price at posting:
5.0¢ Sentiment: ST Buy Disclosure: Held
