AZH 0.00% 24.5¢ azimuth resources limited

Ozgem, re your suggestion.AZH has had 5 pull backs since July...

  1. 619 Posts.
    lightbulb Created with Sketch. 47
    Ozgem, re your suggestion.

    AZH has had 5 pull backs since July 2010 (the fifth one is either still in progress, or has just finished).

    After the first four, the share price has gone up as follows:

    1) x 2.5 (share price has gone up 2 and a half times)
    2) x 2.5
    3) x 1.8
    4) x 2.1

    The average of the 4 runs is x 2.2

    So *if* a bottom is in place at 67c, an ‘average’ run would take the share price up to $1.47.
 
watchlist Created with Sketch. Add AZH (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.