AZH
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0.00% 24.5¢ azimuth resources limited

trend trading

  1. tobes11
    4,327 Posts.
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    05/04/12
    13:48
    Post #: 9947946
    Anyone here trend trading AZH?

    Draw a line from the low of 30c. AZN has bounced off 40c, 50c and hopefully will bounce off 60c levels.

    Todays action shows a lot of buying when it hit 60.5 and 61c. I am in azh for the first time today.

    Next week, I expect AZH to bounce off these levels if POG holds.

    Could be wrong, but I doubt there are many people willing to sell AZH below 60c.
    AZH Price at posting: 62.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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