AVL 6.67% 1.6¢ australian vanadium limited

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  1. 6,670 Posts.
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    So today was pretty volatile again but nothing like yesterday. So a 2c close was a bit higher than I thought. We did hit 1.9c but seems to have a bit of support at 2c.

    I think major support over the last few years has been 1.6c we did dip to 1.4c but that was when the market was 90 points down and the US had a 300 point down day as well so I am ignoring that small dip.

    2c Major Support - Then 1.6c could be re-tested. Only really volume on YRR for the last month to be fair. I think a few will try and keep it above 1.8 for a while and then if sellers dry up 1.6c should be the base level again.

    Would need to run back to 2.3 on Thursday or the down trend will continue, a bit of news could push it north. Will be an interesting day tomorrow.  - GLA

 
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