DRC
A bit of a messy H&S on AVZAVZ 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.
4CE dropping below long term bull trendFor the first time in quite some time we have seen it drop below that longer term bullish trend. Albeit on low volume, it has started to test below 9c again after failing to breakout. I can see it continuing to test below 9c next week, especially with continued market uncertainty. Over the course of the next few months I am still quite bulish on it from here. Continued increasing interest in the area, with the initial mining just about to start. Positive mining results could provide a large re-rate, but it does need those results to be good with high expectation all around.
That said the chart is not too flash at this very moment. What I am looking for in an increase of buying next week, but the continued market uncertainty is not going to make that easy. Weekly outlook is uncertain, but a quick bounce into the 9's would be very positive. Longer term looks stronger.
Disclousre: I hold shares in ASX:4CE .
BMZ interesting 2 days, massive volume and showing strength.ASX:BMZ has had an interesting 2 days of trading, massive volume never seen before on the stock. Was looking good until the late selloff. Proximity to AVZ , 4CE , and $TTX. Plenty of interest in whether they can find much Lithium down there. Keeping my eye on it.
Has held it's uptred pretty well despite it's rapid rise, just starting to show signs of resistance (especially on the close), getting knocked back a lot throughout the day, but still powering forward. This could move a lot in either direction, see it as a good chance to judge market sentiment on new Litium ventures. ON this evidence you would say there is stil plenty of interest.
Some longer tmer potential resistance lying in wait, yet to see if it has the legs to challenege it yet.
Disclosure: I hold 4CE, have not held any of the other stocks motioned in this post.
DECRED is great invest $btc $dcr $decredMACD curving up and great volume
Need breakout confirmation
Hold is a good idea
