AVZ Minerals Limited is an Australia-based mineral exploration company engaged in the business of mineral exploration in Namibia (Think "risks") . It explores for mineral reserves within Africa for base metals. TA for the daily chart shows bullishness ahead. Currently it needs to break & close above the $0.105 - $0.11c zone for a bullish continuation. The $.105...
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...
Some educational TA analysis, Note the reistence zone at .64-.67 - if the SP can crack that over the next week. Then we might see a new med-term high. The trend has to stay at .53-.54c today at least for that to happen.
EW 2 hit the golden pocket 0.65 nicely today at 0.145.
I am expecting to bounce from here to start impulse wave 3.
The falling wedge also points to a break above.
Target for Wave 3 from here is 0.715.
Remember to set your stop losses target.
IF we do not bounce here, expect next support level at 0.105.
Short term downward trend should continue.
I believe our downward channel will continue until we hit one or both major supports at 14.5c or 12.5c.
A strong bounce north may occur, however, we may bounce back down if we can't break past 18.5c.
Great buy zone under 14c, I am waiting patiently.
Unusual activity of late, with AVZ dropping below the main trend - an unexpected occurrence. Currently heading to test resistance at 21c if it can make 19c a strong support. Currently BO out of a bullish ascending triangle, with Wave Trend showing continual upward movement, EMA Wave also showing upward momentum. However, the Weis Wave is showing a lack of demand...
Expect a further slide down the large bullish wedge into more probabilistic BO zones (as indicated by green projection area within the wedge), then trend reversal that moves within the trident. The current movement is a completion of a bearish ascending wedge, which correlates with a continuation of the downward trend. The VFL shares the current bearish sentiment...