AVZ had a rally to 0.995, and looked for an opportunity to get long on a pull back.
Price dropped to an area of previous high volume, narrow spread (1st purple box)
There is a confirmed no supply at (1) but I missed the entry.
We have a Ross hook set-up and left a buy order at the (2) break out point, with a s/l under (3).
Easily got filled and price chops around...
AVZ is a healthy looking chart making higher highs and higher lows. A pull back is always healthy and I would wait for it to retrace lower to avail a buying opportunity. I have my Buy Zone between $0.185 - $0.120 , which is also trendline support. I will monitor its price action around my Buy Zone to ride the next swing higher.
Please note these are my own notes,...
AVZ might go for another run
AVZ may present an attractive medium term investment case for those who have exposure in Australian lithium miners to hedge against:
Worsening trade relationships between Australian and China
Unanticipated supply side expansion
Observations
Market seems to beginning to price in near term catalysts (FID, FCI,...
AVZ potentially sits on the world's largest lithium pegmatite deposit. If successfully funded and executed over the next 3-5 years, could cause a huge shake up in the global lithium market and headache to higher cost lithium projects.
Key risks:
1. Geopolitical risk (Project location: DRC)
2. Vulnerability to Australia trade relations. Cashed up YiBin may...
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...
AVZ (LONG) Catalysts galore & breaking out off Base
Catalysts:
- Chart is now set up with strong bullish indicators = Bullish trend gaining momentum
- Off take agreements in the pipeline
- Funding to mine coming up
- Final Investment Decision coming up
- Tin reports still due
- Further final drilling to infill the Measured & Indicated resource
- Special Economic...
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...
Very interesting chart. Maintain support here and who knows.
I am very skeptical of herd hysteria no matter what the technicals say, but things are what they are I suppose.
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.
