next?, page-62

Just looking at the chart for AVH.

This view might seem a little odd at first ... all I have done is cut it down to a skeleton view. The Red dots are the daily close, the pink line is the 5 day moving average and the black lines are standard Bollinger bands.

The recent volume is substantially reduced and a clear squeeze is forming. AVH has been publicized fairly well recently and it pushed it into a slightly higher range.

It is not a strong signal .... but I am inclined to think if the upcoming Qtly shows even a little improvement in revenues it will give the SP a boost. Recent weeks have brought in some new money but it has slowed and selling has crept in. All it needs is some confirmation that people have bought into growth [it doesn't have to be much ... merely improvement will do it IMO] and I believe there will be a return to buying [Bollinger squeezes frequently precede breakouts .... the right ingredients are there, all it needs is a bit of good news]