AVO avoca resources limited

takeover target, page-10

  1. 203 Posts.
    Pala Investments is based out of the tax haven canton of ZUG in Switzerland. This is the home of Marc Rich who virtually controls this canton. Their website is: http://www.pala.com/about_us.html

    In TA terms the AVO charts is marking out a continuation pattern as a symmetrical triangle off the flank of its large domal high of last year. The symmetrical triangle is normally interpreted as a bullish formation. Have a look in www.bigcharts.com and put in the symbol box AU:AVO then go to Advanced Charting and fiddle about to suit whatever charting technique you want to look at. You will notice overt the last few weeks the trading range has been tightening up with its base being the 200 day MA.
 
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