AUDNZD Bullish 3 Line Strike on the MonthlyWe have Hidden Bearish Divergence and a Bullish 3 Line Strike on the Monthly Chart which will prolly take the AUD back down near the bottom of the range.
AUZ
$AUZ.AX needs to break 2c and 2.8c is on the Menu $AUZ #ASX$AUZ.AX needs to break 2c and 2.8c is on the Menu $AUZ #ASX
Australian Mines Limited (AUZ) is an exploration company involved in predevelopment of the battery metals projects located in eastern Australia. The current focus of the company is on Sconi Cobalt - Nickel - Scandium Project, Flemington Cobalt - Nickel - Scandium Project, Broken Hill Project and Bell Creek Nickel - Cobalt Project
AUZAUZ has some work to do in order to breakout from the "Strong resistance line" and also get above this Moving averages. If 0.40 break could see another flush back to that .30 IMO.
Weekly rsi was way oversold along with 4 hour and daily.. This may have enticed the strong bounces from .30..
Watching that overhead Res..
Downtrend brokenComing off great news today, downtrend is now broken. Looks like we'll be tracing back up past 10c in a short amount of time.
AUZ - Australian Mines; Basic Technical AnalysisLooks 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
AUZ Bullish After Descending Triangle BreakoutAUZ looking to reach new ATH's after breaking out of the descending right triangle. Very healthy support at around 8.3c and setting up for a big 2018.
