We closed below 10c mark. Stochastics are oversold. MACD is still travelling downwards with no real look of crossing back above within the short term. 50 day moving average hasn't been crossed.
I agree with you madmacs, the candle makes it seem the bears are losing steam, but that close below the 10c support niggles me...as does the gap below it. Next bad note in my book is the possibility of closing below that 50day MA.
Overall the price should hold for a little bit but if nothing comes out until next month...we may just fall. Those macro's are just hurting us. Will be interesting to see if there is resistance around 10.5 short term.
all imo. please note, i am no trader.
AVB Price at posting:
9.5¢ Sentiment: LT Buy Disclosure: Held
