AUZ - Australian Mines; Basic Technical Analysis
Looks like Auz is trying to find support at the 8.2c mark. Large gap from late feb has been filled. Last month has been in a downtrend. Downtrend lasted approx 1 month. OBV lowest it has been for quite some time.
Conclusions:
Optimistic - A period of accumulation then hopefully a trend reversal. FA of this company are great. Will top up on holdings when a clear buy signal presents itself.
Pessimistic - Price will fall lower in need of finding support; possibly to 7.8c (small previous resistance) or even to low 6c mark before the major bull run took place.
Any feedback greatly appreciated
Conclusions:
Optimistic - A period of accumulation then hopefully a trend reversal. FA of this company are great. Will top up on holdings when a clear buy signal presents itself.
Pessimistic - Price will fall lower in need of finding support; possibly to 7.8c (small previous resistance) or even to low 6c mark before the major bull run took place.
Any feedback greatly appreciated
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