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clock Created with Sketch. 06/04/18
16:04
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Originally posted by Stage-2-Uptrend
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With all the best drilling updates over the past month factored in, the best AVZ can manage is trading down to an intraday low of $0.22. With price now trading below the 100-day moving average, AVZ is at a make it or break it junction. That said, there are much worse looking share price charts around at the moment in this difficult market. SYR and FMG charts look considerably more bearish than AVZ. The major considerations to observe is to only have a relatively low percentage of total trading capital allocated to AVZ. With that taken care of, should the price start to fall below 23 cents chart support, minimal damage is done when exiting. Risk management and chart analysis exit points are more important than reported company fundamentals. Preservation of the bulk of trading capital is the main objective. Road transport infrastructure, geopolitical and other risks are reflected in the current share price. AGY is holding up much better.
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Both a pretty comparable in terms of their retrace.
(20min delay)