Well with a high today so far of 9.3 and a last price of 9.1c we have achieved "a part" of Step 1.
Step 1. We need to close above 9c:-
A good solid attack on the sellers so far today ... bodes well for the a close above 9.0c ... we have broken above 9.0 with some significant trades & line wipes and this leads me to believe that this area will now become a significant support area... Sell downs to it should bounce off and return up...
Bull Snowball gathers more momentum and size...
Step 2... is a close above 9.4c :- will come all in good time.
The Chart is looking more and more bullish atm, probability of a rise back to 10c is increasing exponentially ... As previously stated the key to an attempt on 10c is the dismantling of the sell group at and around 9.4c
I am not deterred in my thinking by the sellers on queue out numbering buyers ... what is important is the change in size of each group relative to the other... Buyers are increasing on average and this is the key point. I suspect that trend is set to continue.
Again, I am liking the caution displayed by the buying group ... foot off the pedal once she get away too high and on the gas when on retrace...
All is good IMHO DYOR
AVB Price at posting:
9.1¢ Sentiment: Buy Disclosure: Held
