That's true
You could be correct & this keeps tanking
(However this is bushfire season in the USA, covid is under control, so I'm expecting a much better quarter than the last)
But my analysis is as follows (thinking in terms of both a bear & a bull)
Red lines show the downward trend (bears)
Green lines show the upward trend (bulls)
On the 10th & 11th August, it poked its head out of the downward trend, upsetting the bears (could have been a bull trap)
Since then, the bears have pushed it back into its downward trend (or this could just be a simple pattern of accumulation & distribution)
In saying that, the bulls have managed to maintain support (above the green line), which is where I used my calculation of $6.15 as the low of the week
$5.94 was the low 2 weeks ago (so that's a positive)
I buy every 2nd week & I sell on the alternate week
It's managed to bring my average down quite significantly without taking any real losses so far (with some decent profits along the way)
I don't know where the stock is headed to be honest but I want to be holding because as soon as any announcements occur, this will open up considerably & I'll be too late to react
And no, I don't want to be paying $10 or more for this stock later, when I can buy it now for $6 (& possibly under)
If it pokes its head above $6.59 next week, it's broken out of its downward trend & headed above $7
If it breaks below $6.15 next week, it's broken through its upward trend & headed under $6 again
I'll assess the US markets overnight & see how RCEL performs ($21.65 was my predicted low)
Then wait until Monday morning to see what my next plans are
Next week is my sell week, so I have to choose which day is the best to offload some shares
- Forums
- ASX - By Stock
- AVH
- AVH on NASDAQ
AVH on NASDAQ, page-594
-
- There are more pages in this discussion • 350 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AVH (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.74 |
Change
0.110(4.18%) |
Mkt cap ! $185.2M |
Open | High | Low | Value | Volume |
$2.74 | $2.75 | $2.66 | $723.5K | 266.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 6338 | $2.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.75 | 5711 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 5449 | 2.730 |
6 | 9496 | 2.720 |
3 | 5561 | 2.710 |
4 | 36289 | 2.700 |
1 | 10000 | 2.680 |
Price($) | Vol. | No. |
---|---|---|
2.750 | 6911 | 4 |
2.760 | 9159 | 4 |
2.770 | 10279 | 3 |
2.780 | 4912 | 2 |
2.790 | 3162 | 1 |
Last trade - 12.33pm 15/07/2024 (20 minute delay) ? |
Featured News
AVH (ASX) Chart |