AVZ avz minerals limited
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Running discussion on SP, page-1345

  1. Bundy
    3,595 Posts.
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    17/04/18
    09:39
    Post #: 32496989
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    Share price still in down trend within the confines of a descending wedge. SP has adhered well to Fibonacci Fan analysis on the uptrend and on the downtrend as well. Share price at critical juncture right here as SP traces along lower boundary of wedge formation and second tier of Fib Fan.

    Prognosis is for SP to continue trending down within the boundaries of the wedge, fall through secondary Fib Fan and finally find support at the confluence of lower wedge line, tertiary Fib Fan and horizontal support at 18c around the first couple of weeks of June.

    My buy order is in at around that price on a GTC basis.
    AVZ Price at posting: 21.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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