Great work Insaf , about the only unbiased poster on all stocks...

First 3261 Last

Share
Profile

Follow
hot_investor

3,392 Posts.

182

05/05/18

11:40

Post #: 32903344
Share

Originally posted by insaf ↑

The effect of time and compliance to
To time on the psyche is an amazing thing. We have already seen the effect of this on the sp on the run up to the high 30s. Now we are in retracement mode as avz confirms it’s potential via resource verification and corporate transaction which will provide the market confidence. The key here is to wait until that breakout to the upside before recommitting - much like the 14 c breakout last year. Remember the uptrend from its stellar run was breached to the the downside through February and now in a longer rectangular retracement pattern unlike the last 2.the key here is a breakout to the up. Whilst maintaining to the pattern. The support was the 16 c while the breakout on Friday was the 23/24 level. The key is the breach to the upside but avoid the breach to the downside. There is a significance to the large volume day testing the support. Normally as the duration of the retracement extends, prior to a move back up to test resistance of the pattern (in this case 23/24), is accompanied by a large volume to test the support (in this case 16). The key now is to test the low 20s. The breakout is the key for anyone planning to jump on.
I included a graph that is similar to what happened to avz early in the week from the bullish rectangle explanation of levitt brothers:
View attachment 1089520

Expand

Great work Insaf , about the only unbiased poster on all stocks ( along with Hoots ).

AVZ Price at posting: 18.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

3DP

Pointerra wins US$1.63M from US Dept of Energy to model climate change scenarios

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

RCE

Recce's R327 found effective against E.coli during clinical trial

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Microcap Wrap: 5 explorers with news out today

There are more pages in this discussion • 79,379 more messages in this thread...

First 3261 Last

Add AVZ (ASX) to my watchlist

Great work Insaf , about the only unbiased poster on all stocks...

Top Stories

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Pointerra wins US$1.63M from US Dept of Energy to model climate change scenarios

Ava Risk Group expands US presence with A$0.7M Substation Deal

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Recce's R327 found effective against E.coli during clinical trial

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Microcap Wrap: 5 explorers with news out today

Featured News