djmitchb

AVZ MINERALS - 10 bagger

Long
ASX:AVZ   AVZ MINERALS LIMITED
There is a 10 bag opportunity here on ASX stock AVZ

Firstly I made another analysis in support of this idea. This is a lithium stock and I've analyzed and shared the major lithium etf in another post.

I’ve made a shorter term analysis here on the daily however please zoom the chart out to see the pattern cup and handle . If this pattern is real and executed in the medium term it is 10x

Just as in lithium etf I’m expecting a pull back but I will start to DCA in on this one from here because there is not much downside as I see.

We have had a nice pump with strong volume and breakout of the downward trend in may 2019 and the most recent one 2 weeks ago. We didn’t make a higher high but we have printed higher divergence on RSI and MACD . As I believe this one is giving a last opportunity to enter before big upside potential.

We are currently in a symmetrical wedge and coming closer to the apex. Expecting a touch of the 78.6 from this latest move at the 50/100 DMA If we break down below these levels and close I will be getting out also!

Related Ideas

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.