( IMO ) false breaks are most common on diagonal trend-lines and...

( IMO ) false breaks are most common on diagonal trend-lines and on major moving averages particularly the 200 EMA - Gap theory and gap fill is predominately used as price target or conformation of likely horizontal support and resistance zones

There was a recent cap raise at 3.8c - filling the gap at 6.7c is a decent profit for Pattos sophs so I expect the first major resistance to be around that price point. For the longer term investor who has ridden the highs and the lows of Easter Egg promises s and the Santa Klaus sell off and endured probably the worst formulated cap raise i have seen in many years - I expect getting back above the 200 EMA is what those punters need to see,

T/A to one side AVZ announcing a smallish on market buy of one their director companies today was curious to say the least - It didnt need to be reported ??? No sub holder notice change from said company to ASX ?