Hate to say it but there is a tonne of supply up to the 15c - 17.5c zone - I'm assuming stale old longer term bag holders likely trying to get out for break even or just a minor profit or loss - you see it all the time for stocks that have dropped significantly off their highs. I'm new to this stock at 9.9c from a couple of weeks ago so have only just started to focus on the price chart recently - the pattern breakout above 11c targets 18c but it could take some initial work to get rid of the supply between 11c and the target at 18c. E.
AVZ Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
