AVZ 0.00% 78.0¢ avz minerals limited

Untill we breakout we will range trade, in my opinion 18-19c top...

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    Untill we breakout we will range trade, in my opinion 18-19c top ups are very good buying at this point.

    - Almost no volume at this level
    - Very stacked depth below 18.5
    https://hotcopper.com.au/data/attachments/3086/3086712-8628e7a84a650bf3fa6f7106cfbd83f4.jpg
    - Daily candles holding this level very well.

    https://hotcopper.com.au/data/attachments/3086/3086720-1be6d75a8de6c4ce30725589acad870c.jpg

    - Review my previous post on weekly chart, RSI looking very good and Golden cross confirmed.
    - Proven Rebound off 18c.

    I have personally topped up as much as i can around this point. I feel there is one person or entity selling this down as its normally large dumps to move it down a pip. Given the Top 20 is relatively constant except for a few account moves i am guessing it is a trader most likely. I believe it will run up in quick time at some point soon. Whether leading to a bigger break out or another range trade, that i am unsure however i feel this level is a great entry or top up point.

    https://hotcopper.com.au/data/attachments/3086/3086731-0e17e6b788e0482db40309c0aaef8203.jpg

    Just my 2 cents and my opinion. DYOR


 
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