AVB avanco resources limited

tech signal - significant break of downtrend, page-57

  1. 24,192 Posts.
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    OK Seems we have a few profit takers after yesterdays mini run and fair enough if your a day trader. However for the rest of us we are now back into an area of heavy support in the 0.083 to 0.08 region... Will surprise me little if we bounce off this area back up...

    Below this is an area of extreme support at 7.6c (twice touched recently but not breached) which is an area which also corresponds to the upwards trend line which started on the 27th June 2012. In fact Id say the floor price is more like 7.8c as the ascending trend line has risen over the last few days ... So I see some consolidation before an new burst of buying perhaps as early as a few days away assuming the Markets do not tank in this period.

    All is IMHO DYOR to Confirm

 
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