CZL 0.00% 4.8¢ consolidated zinc limited

The FA and TA are potentially coinciding at the moment to create...

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    The FA and TA are potentially coinciding at the moment to create an "Elliott wave 3"..This happens when price rises to the  improving fundamentals.
    This latest retrace in price from .029c  to .019c appears to be a typical  "wave 2" ..by that I mean regarding the TA they all look exactly like this prior to a wave 3 move (moving averages, wkly and daily Macd positions, Fib supports, trend lines, stochastic etc etc,)  they all merge over a couple of months to these current positions prior to a wave 3 breakout....now whether it really is or not we wont know till support is found and price reverses upwards past .029c.. ..beyond that are pretty straight forward W3 targets of 4c and 7c. czl ribbon.PNG
    Last edited by W3hunter: 02/11/18
 
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