AVZ Charts

[Xerof]

The futures aren't trading a further 1000 down. They closed about the same as the physical on Friday. So they will get reset to a zero start for when trading recommences. Actually, they are open now - trading a further 200 odd down in Asian trade

@Misfits - You're a man of few words, but they are diamonds in the rough. I guess you have read a message on the carrier pigeons leg - lol. I recall your last words reflected Nigel's observation on the further delays was that they wanted to wait for the global battery hub launch, or something similar, which we have just seen over the past 5 days

BIG week coming up lads and lasses

 

[BEISHA]

The futures aren't trading a further 1000 down. They closed about the same as the physical on Friday. So they will get reset to a zero start for when trading recommences. Actually, they are open now - trading a further 200 odd down in Asian trade

@Misfits - You're a man of few words, but they are diamonds in the rough. I guess you have read a message on the carrier pigeons leg - lol. I recall your last words reflected Nigel's observation on the further delays was that they wanted to wait for the global battery hub launch, or something similar, which we have just seen over the past 5 days

BIG week coming up lads and lasses

Yeah, Dow futures down 180 now, i got that wrong about 1000 somehow, that said, futures only speculated 80 down prior to it dropping 980 odd Friday night, so its hardly a tool to rely on, just a vibe.

imo

 

[Goat]

 

[BEISHA]

Hi All

I tend to use Heiken Ashi candles these days, greatly reduces the " noise " , yellow arrow pointing to " inside bar " set up, bullish, that said, its intraday, so anything can happen, like the Dow last night..............up 700 early on , then barely made a 60 pt rise..................MACRO very VOLATILE and I suspect that will be the case for some time.

The red arrow is the down side factor if the MACRO worsens , that would still conform perfectly with EW rule of wave 4 down not entering into wave 1 territory, so i am still a bit cautious about proclaiming BUY just yet on the TA side of things, a break of the strong resistance at the 38 fib ( 112 ) with volume............thats a different story.

Of course FA wise, its a screaming bargain, so i am tempted to sell my goldie EVN and add another 30k to the AVZ mix.

I really want a big win and get out of my tradie job once and for all, no guts............no glory !!

DRC govt................pull your finger out and walk the talk..................grant the ML!!

imo

 

[BEISHA]

Hi All

I got good news and bad news regards to the MACRO , should i start with the bad ?

By my wave count, DOW is on sub wave 4 down, history suggests they drop to the 38 fib in the main, so that being the case here, there is still a minimum of 10% down side to come , which there isnt alot of support , if inflation / war scenario gets worse , we could see the SP drop to the 50 fib , which is a 20% movement to the downside , ugly i know, but very possible as RSI 14 is not over sold.

Now for some potential good news.

Global X is going thru a sub wave 4 down too, has hit the 38 fib and the yellow arrow is pointing to a doji that developed on Friday night.

This could be a swing change, but needs confirmation.

A break of 70 resistance will confirm sub wave 5 up, main wave 3 up...................BULLISH !!

And now the trifecta, AVZ going thru sub wave 4 down too, 38 fib didnt hold, mainly because sub wave 3 up went vertical, then the MACRO shat its pants, not surprising, EW rule book still in play, with wave 4 down not entering wave 1 territory, that still will be the case if AVZ hit the 61 fib resistance ( 91.63 ), which is where i am expecting it to go given the DOW was 938 pts down on Friday night.

I am hoping for a TH on Monday, but i wont hold my breath.

Have a good weekend ALL.

imo

 

[BEISHA]

Hi All

I got good news and bad news regards to the MACRO , should i start with the bad ?

View attachment 5322
By my wave count, DOW is on sub wave 4 down, history suggests they drop to the 38 fib in the main, so that being the case here, there is still a minimum of 10% down side to come , which there isnt alot of support , if inflation / war scenario gets worse , we could see the SP drop to the 50 fib , which is a 20% movement to the downside , ugly i know, but very possible as RSI 14 is not over sold.

Now for some potential good news.

View attachment 5327

Global X is going thru a sub wave 4 down too, has hit the 38 fib and the yellow arrow is pointing to a doji that developed on Friday night.

This could be a swing change, but needs confirmation.

A break of 70 resistance will confirm sub wave 5 up, main wave 3 up...................BULLISH !!

View attachment 5330

And now the trifecta, AVZ going thru sub wave 4 down too, 38 fib didnt hold, mainly because sub wave 3 up went vertical, then the MACRO shat its pants, not surprising, EW rule book still in play, with wave 4 down not entering wave 1 territory, that still will be the case if AVZ hit the 61 fib resistance ( 91.63 ), which is where i am expecting it to go given the DOW was 938 pts down on Friday night.

I am hoping for a TH on Monday, but i wont hold my breath.

Have a good weekend ALL.

imo

Some serious capping going on here, either that or Mr Market has already priced in the ML in some regard, strong resistance at 1.10/1.20, then very minor resistance there after, so we might need that updated BFS to really get rid of the road kill.

Plenty of room to move on the RSI 14 which has kicked off 43 support nicely.

Price movements today are irrelevant , what is relevant is AVZ is going mining, future divvies and all that stuff and saving our planet from getting fried.



imo

 

[BEISHA]

View attachment 5489
Some serious capping going on here, either that or Mr Market has already priced in the ML in some regard, strong resistance at 1.10/1.20, then very minor resistance there after, so we might need that updated BFS to really get rid of the road kill.

Plenty of room to move on the RSI 14 which has kicked off 43 support nicely.

Price movements today are irrelevant , what is relevant is AVZ is going mining, future divvies and all that stuff and saving our planet from getting fried.



imo

Wow, just like that................one of the most impressive bull traps i have witnessed in a long while......

Instos putting the big digit up retails arse searching to trigger SL, they got 50% of my holdings at 89c, never thought that would get hit , certainly not today at least, oh well, looks like i will be picking up shares at 80c by the time these wankers are done today.

#hatchetjob#

imo

 

[blu]

What an absolute fuckin' doozy of a candle, reminds of the days trading ("gambling") with silver CFD's 2004-2009, I would see patterns or fundamental news thinking this thing is going to take off or vice versa .... and then BANG! the market would do the exact opposite. Breeds resilience and tolerance.
I reckon support is in the region of low 70's here.
Bulkowski would be proud of that Outside Day candle https://thepatternsite.com/OutsideDays.html

 

[Sammy_da_Smile]

What an absolute fuckin' doozy of a candle, reminds of the days trading ("gambling") with silver CFD's 2004-2009, I would see patterns or fundamental news thinking this thing is going to take off or vice versa .... and then BANG! the market would do the exact opposite. Breeds resilience and tolerance.
I reckon support is in the region of low 70's here.
Bulkowski would be proud of that Outside Day candle https://thepatternsite.com/OutsideDays.html

View attachment 5567

Is there a technical term for such a candle?

 

[Hemicuda]

Is there a technical term for such a candle?

rare pineapple candle

 

[blu]

Is there a technical term for such a candle?

Fuck Me Sideways, Fuck Me Drunk, What The Fuck are a couple that come to mind

 

[BEISHA]

What an absolute fuckin' doozy of a candle, reminds of the days trading ("gambling") with silver CFD's 2004-2009, I would see patterns or fundamental news thinking this thing is going to take off or vice versa .... and then BANG! the market would do the exact opposite. Breeds resilience and tolerance.
I reckon support is in the region of low 70's here.
Bulkowski would be proud of that Outside Day candle https://thepatternsite.com/OutsideDays.html

View attachment 5567

Yellow arrow pointing to a hammer stick, there was an earlier attempt to drive down further early morning but got repelled quick, so this is bullish in that regard.........

Red arrow pointing to OVERSOLD RSI 14 that got as low as 29...........now poking up.......

Need confirmation tomorrow with another follow up green candle for me to be confident that the low is in , i will be even more confident when strong resistance at 90 is broken to the upside, that would constitute a clear swing change and swift movement back to 1.10 as there is very little resistance to prevent it.

IMO

 

[BEISHA]

Hi ALL

The week that was...........

DOW was only down 90 odd pts overnight , will take that as win considering the carnage of late, for the week DOW was down 840pts and unfortunately the trend suggest more pain to come with inflation and interest rate hikes the main concern followed by that Psycho Putin and the war with Ukraine.

Wave 4 downs normally attracted to the 38 fib levels, or the height of wave 1 up, so that would mean a further 10% drop, there is minor support highlighted in blue too, so it really depends on what Mr Market decides to do there.

Whilst the DOW is still bearish in the short term, I am hoping that the Global X might counter that by becoming bullish.

As you can see, wave 4 down has hit the 38 fib and it appears there could be some accumulation going on there with 2 green candles in a row formed, RSI 14 flattening out at 38 support is encouraging too.

Once RSI 14 gets above 50 and SP gets above 70/75, then sub wave 5 up is on.

That ugly long red candle tells the story for AVZ.........pain personified, but also presents an great opportunity for folks with spare cash.

SP has hit the strong support at the 78 fib, strong resistance also at 70, dont see it going below that , altho the weekly RSI 14 at 48 is not oversold and is still free fall, hopefully AVZ gets a strong bounce on Monday with VOLUME and alleviates any concern of further weakness.

IMO

Enjoy the rest of your weekend, look after your Mothers !

 

[BEISHA]

Hi All

Dow jones finished another 500pts down for the week, but the good news was that it got as low as 31228, which was just shy of minor support @31152 and then formed a hammer candle, could this signify the bottom of ABC or is it fake news ?

RSI 14 still in free fall, but getting close to oversold, as mentioned before, worst case scenario is that it drops to the height of sub wave 1 ( 29226), time will tell i guess, but it would be awesome if the bottom is in, then if the May 20th announcement regards to Zijin is a positive one, then its going to be WHOOSHKA......IMO

Global X etf finish in the green for the week....................YIIIIPPPPEEEEEE!

I mentioned before that this could be about to swing, so far it appears that accumulation is going on right on that 38 fib line, could that be the pivot for sub wave 5 up ?

RSI 14 is flattening out at 38............another good sign.

Time will tell, but for now, Global X could put a smile on a few lithium players dials.......starting next week.


imo

 

[BEISHA]

Hi All

Global X had another good night, up 3pts , now in the 70s, like i said before, wont get excited until 75 resistance breaks, but very encouraging none the less......

Is the bottom in for the DOW ?

Retail data last night was very encouraging despite the inflation numbers.

If SP can break 33216 resistance, then the low will be confirmed.

This is a perfect set up for positive news , come this Friday for AVZ.!

imo

 

[ptlas]

Though that I'd revisit the last few weeks of trading.

Divergences (arrowed) are the give away.

More profound if MACD lines diverge, but the two on the weekly are more than enough.

I was posting on HC when AVZ was $1.20+ and rising that we were running on empty.
Unfortunately, HC was almost 100 % trolls or the cheer squad, nothing in between.
No discussion, though I probably lost some kudos because I wasn't arsed posting charts.
Happy to be perm, suspended from the shit show

DAILY;

No divergences - timescale too short but big drops on low volume (arrows) was not indicative of accumulation.
Prior to the second fall, the MACD-H failed to get above zero.
All indicators falling

Writing on wall

Slow decline then the big fall. Not sure what happened next, possibly some short covering along with peeps buying the (hoped for) bottom.
Small movements on big volume last two days, but I suspect AVZ was ready to crash further. BIG downtrend.
Thanx for the TH.

Haven't posted hourly, that points to a rise-but obviously the next move will be all FA.

Just thought I'd recap how TA wise, CB sucked in most whether long or short.

 

[blu]

wouldn't it be nice to come out of suspension as the LIT ETF resumes uptrend

 

[BEISHA]

Though that I'd revisit the last few weeks of trading.


View attachment 7033

Divergences (arrowed) are the give away.

More profound if MACD lines diverge, but the two on the weekly are more than enough.


View attachment 7035

I was posting on HC when AVZ was $1.20+ and rising that we were running on empty.
Unfortunately, HC was almost 100 % trolls or the cheer squad, nothing in between.
No discussion, though I probably lost some kudos because I wasn't arsed posting charts.
Happy to be perm, suspended from the shit show

DAILY;

No divergences - timescale too short but big drops on low volume (arrows) was not indicative of accumulation.
Prior to the second fall, the MACD-H failed to get above zero.
All indicators falling

Writing on wall

Slow decline then the big fall. Not sure what happened next, possibly some short covering along with peeps buying the (hoped for) bottom.
Small movements on big volume last two days, but I suspect AVZ was ready to crash further. BIG downtrend.
Thanx for the TH.

Haven't posted hourly, that points to a rise-but obviously the next move will be all FA.

Just thought I'd recap how TA wise, CB sucked in most whether long or short.

wouldn't it be nice to come out of suspension as the LIT ETF resumes uptrend

Yellow arrow pointing to a bullish harami, you will also notice that the wick of the previous bearish red candle, hit minor support at 30685, then pushed off, hopefully we have seen the bottom of sub wave 4, which in the end, as i have mentioned previously fits perfectly with EW rules whereby wave 4 down DOES NOT enter into wave 1 territory.

RSI 14 is poking its nose up from OVER SOLD position

A change of trend requires resistance at 34009 to be. broken to the upside.

For now tho, promising signs that the MACRO carnage might be on the wane, which would be ideal if AVZ was open for business on the 1/6/22.......with positive news flow.

Meanwhile, the Global X is looking more and more bullish with RSI 14 indicator bouncing off the lows and now rising to challenge 50, once it gets over that resistance, then the swing will become more of a reality, 5 ema rising ( upper blue bubble ), once that overlaps the 20sma, then the swing becomes irresistable.

SP needs to break the 23 fib ( 78 ) resistance for a CONFIRMED swing .

Overall, the MACRO is looking alot less bearish and has bullish roots appearing, just in time for the MAIN EVENT on the 1/6/22.

Heres hoping for a positive result.

imo

@lellep

 

[Bin59]

Hi @BEISHA, any comments on what we can expect to see next week with regard to Shortmans AVZ chart below. Looks overdone to me, my view is simply what goes up must come down

 

[BEISHA]

Hi @BEISHA, any comments on what we can expect to see next week with regard to Shortmans AVZ chart below. Looks overdone to me, my view is simply what goes up must come down

View attachment 7961

Really depends on whether the up coming news is positive or negative.......

If its positive then

the shorts are scorched

if its negative......

imo