10c is coming!, page-47

Well, regardless of posters thoughts on DT'ers, the twitterati, newbies etc etc....the simple fact is we had a good day as holders. Just gotta filter out the noise.

Whether this move can be sustained is the next question & will we see some further up moves & consol areas during the trials and in anticipation of any further advances in the injectables & animal feed spaces. There will no doubt be profit taking & T2 traders exiting so expect that.

One thing is for certain, the volume, price action & new holders (DT, ST, LT or otherwise) will have brought new sets of eyes to AVE. For TA traders the vol & % increase will ensure AVE pops up on various scans this evening. Does it mean others will just jump in...maybe, maybe not, depending on their risk appetite.

Anyway, couple simple D, W & M charts. Next couple bars important for mine as today could be seen as absorption bar breaking through some prev resist high zones indicated on the charts. Can expect poss retest of the break but if on low vol that will be good imo. Simple analysis below from another site.

" Absorption volume can be noticed on resistance or support areas. According to Tom William’s “Master the Markets,” he pointed that the absorption volume as being a down bar with high volume and the next bar being up, where the selling has been absorbed by the Smart Money. In this situation, the absorption volume turns out to be a sign of strength. In most common cases, this occurrence can be seen around trend lines.

Moreover, absorption volume emerges at resistance levels. During the testing of a price action of a resistance level and we witness a widespread up bar on ultra-high volume and the next bar is an up bar which closes further above the previous bar’s close. The Smart Money considers this as buying.

Upon the occurrence of this manoeuvre, there’s a possibility that you would still want to witness a few testing back into the ultra-high volume bar. Testing happens solely to check if there are other supplies. Once you get a low volume test, this means that this is bullish and higher prices are expected."