dagdaniel1

AVZ Descending Triangle BO

Long
ASX:AVZ   AVZ MINERALS LIMITED
This is my first published idea - thought I'd give it a go.

Daily chart is showing a breakout on good volume through a descending triangle. Finally formed a base after a long downtrend, we'll see if it can start a run.

Chart showing signs of bullish divergence in MACD and RSI. Likely to find resistance at 0.056 so we'll see what happens when it gets there. I've set the stop just inside the triangle below the last few day's lows.
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