Hi Folks
I am just recently into AVH. I got in at 0.64.
I like to use E-waves and Fib's only as a guide as to what to expect is possible and I am not surprised. This has been useful to me in the past across a number of stocks.
On the weekly charts AVH hit a low of 0.08 on the week 30 Dec 2018 point A using the ABC Fib's . The A wave rose to a High B point of 0.74 to complete the upward A wave. Incredible rise.
At some stage some retracement had to occur down to point C. B wave retracement and it happened fall from B=0.74 to point C=50 that about a 36% retracement which is normal after such a rise.
Using Fibs to try to estimate the next C wave upward movement (assuming not general stock market correction) we come up with the following estimates of the C wave upward potential (so as we are not surprised)
At EST 23.6% = 0.89 , At EST 38.2% = 099 ( my likely candidate before some more profit taking and a correction) and finally EST 50% =1.07
One thing in our favour of us reaching these target is that the SP has already exceeded 0.74 the previous recent high if we can stay above that mark for a couple of days I suspect we are on our way to my first target of 0.89, with maybe more to come.
This is just how I view my stocks and their potential, Just my opinion DYOR.
Good luck folks
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Last
$2.51 |
Change
-0.105(4.02%) |
Mkt cap ! $155.7M |
Open | High | Low | Value | Volume |
$2.51 | $2.54 | $2.49 | $1.692M | 674.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 25621 | $2.50 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.51 | 4072 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 22121 | 2.500 |
25 | 47701 | 2.490 |
8 | 21692 | 2.480 |
5 | 23725 | 2.470 |
5 | 30395 | 2.460 |
Price($) | Vol. | No. |
---|---|---|
2.510 | 4216 | 10 |
2.520 | 11699 | 7 |
2.530 | 5395 | 2 |
2.540 | 10882 | 4 |
2.550 | 15000 | 3 |
Last trade - 14.22pm 16/05/2024 (20 minute delay) ? |
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Last
$2.50 |
  |
Change
-0.105 ( 4.72 %) |
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Open | High | Low | Volume | ||
$2.50 | $2.54 | $2.49 | 38638 | ||
Last updated 14.40pm 16/05/2024 ? |
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