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...
not calling all time highs but im seeing a small rally to around 0.056c
Hi All, We have a bearish descending triangle that has formed with next trend change due within the next 2 weeks. Most of the signals here look bearish; RSI is in bearish trend. MACD looking to cross bearish. Pattern is bearish. RSI has not cross 55 mark since August of last year with down trend looking to continue. Volume has increased however as the only...
Looking at the MACD turnaround as the 12 day MA approaches the 26 MA. Hoping for a bounce of the Blue trend line into the new uptrend.
It looks as if the 20SMA is approaching the 10SMA, am I wrong to think this? Would expect another drop before the break out. Very new to this charting. All criticism appreciated.
Following up from my previous analysis, 3 out of 4 of my support/resistance zones have proven to be valid. There was a break at my support level at 0.087 but the market has reacted with a hard bounce at 0.081, so I could be wrong there. Bears should be cautious at those levels as I feel a bottom is close. If 0.081 breaks, possible support could be between 0.065 - 0.077.
Drillresults were announced today, do not get fooled #bulltrap. #shortthedammthing
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.
I don't hold nor do I short this one, but I'll be watching closely at the levels posted above for an entry. GL
AVZ exploring for lithium in the DRC has been a well 'promoted' stock which valuation wise clearly overreached the project stage. Chart wise it appears that fear and tax loss selling are in control currently and are likely to define the action over the coming weeks, this may present a trade opportunity for entry at the historical support level or 10c, should...
see annotations WAIT FOR Break Out!
AVZ, chart isnt looking the best, MA look to be crossing. However some good FA news expected within the next month. Could change things around.
Not a great chart unless you'll a believer in a major reversal after a falling wedge formation. I believe we are at the top range of a major support zone so an entry here at these levels is as good as any. Newsflow way overdue so that's an added FA bonus.
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...
AVZ.ASX Closed at 0.19 up by 15.15% in today's session but still got a long way to go to confirm a change of direction or reversal to the upside. I would like to point out three critical price points to monitor for future references 1. Prices need to hold above 0.19 before any attempts to break above 0.21. failure could see prices fall to 0.175 2. failure to hold...