A bit of a messy H&S on AVZ
ASX:AVZ is one stock that has not had a settled time in recent weeks at all, with the ASX hitting them with a number of queries, and the charts are reflecting this. There is a bit of a messy Head and shoulders pattern formed. I had expected it to bounce by now, the continued fall is rather concerning. Another concern is there could be a long way to fall if it dips below 20c, with not much strong support to my eyes.
Already looking quite oversold, it has good odds to get a small bounce soon, but needs a lot more work done to break the downtrend it's in.
Already looking quite oversold, it has good odds to get a small bounce soon, but needs a lot more work done to break the downtrend it's in.
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