Amazonas Florestal Ltd (AZFL)

[THREE-DAY-TRADER]

$AZFL holding up well yet.
.0008 close for May 4.
It didn't trade to .0006 today even when the .0006 was at bid variously throughout the day. Often MMs or bidders moved up to .0007-.0008 while there was a small % of willingness amidst the volume today to dump into the bid below .0007.

$AZFL could finally form a good pop within a week in my opinion.
I liked the MM action today & VNDM (MM-diluter) stayed way all day.

Every few days/2-3 days (since last week) this thing has some unusual volume & MM activity, and given the fact of MM activity mentioned above combined with it being quite technically oversold yet, the next positive day(s) it has could be a nice, trade-able upward reversal move that may be larger than what we've seen over the last 1-2 weeks since .0007 was first established on April 21 (with news catalyst or not).
Simply put we're due some good days on this pig & the potential is certainly there.


Just speculative analysis of mine & we'll see what happens.
I simply see similar circumstance with $AZFL compared to other recent stocks that popped the last few days which I mentioned along with prior successful subpenny trades of mine & believe a pop back above .001+ area or .002's+ is not unreasonable in the short term.