trad3r9

$AQZ potential breakout of 6 weeks flat base

Long
ASX:AQZ   ALLIANCE AVIATION SERVICES LIMITED
$AQZ has been in a steady uptrend ever since it broke out of an 8-month long consolidation trading range back in May. The move above the minor pivot of $1.20 on strong volume yesterday may indicate a breakout of the 6 weeks flat base in the short-term. This is also the first time it has come back and then bounced off the 10WMA, which is another indication that the stock has potential support from institutional investors.


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