That's why currently reading too much into TA indicators can be dangerous.
Many traders read the chart which is in slightly overbought territory but they ignore the fact that this stock is drawing too much attention at the moment from Australia and overseas [not only in China ,but also Europe as well] which doesn't allow it to retrace.
I can't recall how many big sell orders we have soaked lately. We will keep doing it until the lids are all taken out !
25c - 27c wall might be disappearing quickly as Chinese aren't that patient when they are onto something valuable they reckon too cheaply priced !
Hhy is one of the buyer who got the request from overseas to buy AVZ domestic, can you imagine how many people are in similar situation right now ?
Too much risk for not holding AVZ now, even trading is too risky IMO We should break into new high again tomorrow !
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