Weekly chart showing a compressed tight range between 6.6c and 7.6c. Next level of both support and resistance at 8.8c and 4.7c is clear. And will move quite quickly in either direction once this current range is broken.
Low volume last week tells me that its getting a bit peeved with the current range, and we should be looking for a move maybe even as early a this week.
The good news is that last weeks bar is a little test bar, which would make me expect a reaction to the upside this week. The bad news is that the bar didn't close as high as I would have liked...
Anyway, will be interesting to see the next bar or two...
AVB Price at posting:
6.8¢ Sentiment: None Disclosure: Not Held
