The chart is looking interesting. Our first look above the 80 SMA since the annual June sell-off. We only need a push above 7c to be above the 200 SMA. When I read charts all I do is look left. 5 months of consolidation at the 200 SMA was enough to break and move the 80 SMA above the 200 and provide the bullish signal that chartists like. This particular timeframe should coincide with production at AN. A bullish move and a bullish chart pattern will see more investors pile in. I prefer that we are down here at this level then above 10c forming a possible divergence scenario that has played out some many times. The 2014 price action from Jun to Sep was saying Buy, Buy, Hold, Sell.
AVB Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
