yeah - I'm still under water on my long term AZ position. I've
been scale buying down here to try and lower my average.
Again, this is a long term play, going to take a long time to
for everything to get setup. However, they seem to have everything
lined up and have a good plan. I think next year could be more of a
fun year for the stock. Technically it held that trendline, demand
zone, and symmetry target. For this year I want it to hold that
trendline, I don't want it to dip below that. Let's hope end of
year tax selling doesn't affect it too much
I'm confused about AZ. It was brought to the BPT community's
attention a few years back for fundamental rather than technical
reasons. I bought and sold at a slight loss a long time ago.
Here's my question: If this stock was bought for
fundamental reasons AND held through the long draw down, wouldn't
updated fundamentals (not technicals) determine whether it's wise
to continue holding (or even averaging down) at this point in
time?
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AZ chart
Posted by matt on 27th of Nov 2023 at 04:04 pm
AZ - Chart Link I haven't posted AZ in a long long time. otherwise it logically found support in that demand zone and long term trendline
And nice symmetry target for
Posted by retirefire on 27th of Nov 2023 at 04:23 pm
And nice symmetry target for new lots. Now lets take out a previous high
yeah - I'm still under
Posted by matt on 27th of Nov 2023 at 04:59 pm
yeah - I'm still under water on my long term AZ position. I've been scale buying down here to try and lower my average. Again, this is a long term play, going to take a long time to for everything to get setup. However, they seem to have everything lined up and have a good plan. I think next year could be more of a fun year for the stock. Technically it held that trendline, demand zone, and symmetry target. For this year I want it to hold that trendline, I don't want it to dip below that. Let's hope end of year tax selling doesn't affect it too much
I'm confused about AZ. It
Posted by RichieD on 28th of Nov 2023 at 08:28 am
I'm confused about AZ. It was brought to the BPT community's attention a few years back for fundamental rather than technical reasons. I bought and sold at a slight loss a long time ago.
Here's my question: If this stock was bought for fundamental reasons AND held through the long draw down, wouldn't updated fundamentals (not technicals) determine whether it's wise to continue holding (or even averaging down) at this point in time?