HOWEVER: It is evident that this is the point of reversal.
1. The support at 0.25 matches with the fibonacci 23.6% retracement level.
2. Stochastic returning to a level of 56 (Previous turning point)
3. The hammer candle appearing at the close of today's trade. (Needs confirmation tomorrow) https://www.investopedia.com/terms/h/hammer.asp
At this point, I believe that many technical traders will now enter into a long position and trade the rise that is yet to come.
As a holder of the stock, I was reluctant to post this a week ago as I didn't want to cause downward pressure on the share price, however now in my opinion, a clear reversal of the price is the next move.
All IMO and as always DYOR.
GLTAH
AVZ Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held