Text me if you have any questions/comments for me.
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AZL - First time doing an analysis on AZL - Stock doesn’t have a good history of uptrends - Since stock IPO-ed in 1990, it has had periods with sudden exponential price movements that can give very good gains and very bad losses all in a short period -> not a stock that would fit conservative traders/investors - After the recent push from mid-Oct 2021 to a 4.5 year high, the stock is close to it’s psychological support of 10 cents - A successful rebound look to be around 13 cents - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry if comfortable with huge price swings
Not a good analysis. Opposite in sentiments towards lithium sector and AZL itself, huge potential in the middle of US Arizona.
Jerm88
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@rowail20142014, Noted on the fundamentals and potential. I'm analyzing purely from a technical perspective. Cheers
rowail20142014
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@Jerm88, Well, I have to get back to you again, will it touch 8c again as per the chart analysis? It is forming bearish triangle though. Thanks in advance.
Jerm88
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@rowail20142014, Hey mate. Sorry for getting back to you late. I have been really busy. I will be doing a video analysis on this stock in the next few minutes. Text me privately and I can send you the link of the recording when it's ready