AZS - Mid-term buying opportunity

AZS

• Bullish primary trend.
  
• Currently completing a retracement of ~50% from its previous high demonstrated by Fib retracement.
  
• Oncoming MACD intersection indicating a bearish to bullish reversal in buying momentum
  

Will enter ideally around $0.600, stop loss $0.476 (Entry - (ATR*2)) after MACD and OBV confirms bearish to bullish trend reversal with an ideal exit around $1.25+

Komentarz:

Cautiously optimistic.

Main concerns are the magnitude of the previous highs retracement, ~75% down compared to the previous low at the start of November. Past the ideal range of 33% - 66%

OBV is still trending low just above October's high.

Will need to see noticeable evidence, OBV significantly up, before making an entry.

Komentarz:

Correction to original comment, 75% retracement not 50%.