AVA

0.00%

9.4¢ ava risk group limited

AVA chart, page-109

First 109 Last

Share
Profile

Follow
Travis Cloke

873 Posts.

51

08/01/21

12:30

Post #: 50033107
Share

Originally posted by bencsx: ↑

This 55c bottom confirmed my prediction TA wise. If this bottom breaks, the next stop would be 43c, but I don't see that happening at all.

55c $200k buying wall had been there since a few weeks ago and waited for this moment to absorb at 55c. If they move lower, they will have to compete with another $100k order which got moved down from 56c a few days ago, so I don't think they are going to move their order lower. There already had been constant selling for a while so sellers unlikely to have enough shares to break below 55c. What's likely to happen is, the $100k order in middle of 55c will move up to 56c to compete with that big order that's at the front of 55c queue.

Another reason I don't think it will go to 43c is, it was fairly valued at 43c of PE 20x before the previous quarter report. Since AVA made the revenue they had for the whole FY20 in just Q1FY21, investors would have to think AVA is going into hibernation for the rest of the year for it to be valued at 43c now. We can see more revenue is coming in for the rest of the year just from their last FY report, so it is illogical to value them at 43c at this stage. Any dip towards 43c would be quickly wiped and would cause an upward rush instead.

Expand

It's broken. 53 now unfortunately. Strong sell down over the last few months on no news.

AVA Price at posting: 54.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

NAM

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

ENV

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

MLS

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

AZY

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

ASN

Utah authorities sign off on Anson's lithium extraction plans at Green River

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

MM8

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

VUL

Vulcan appoints investment bank and M&A veteran to board

MKG

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

There are more pages in this discussion • 486 more messages in this thread...

First 109 Last

Add AVA (ASX) to my watchlist

(20min delay)
Last 9.4¢		Change 0.000(0.00%)		Mkt cap ! $27.27M

Open	High	Low	Value	Volume
9.5¢	9.5¢	9.4¢	$13.47K	143.3K

Buyers (Bids)

No.	Vol.	Price($)
1	44256	9.4¢

Sellers (Offers)

Price($)	Vol.	No.
9.5¢	1717	1

View Market Depth

No.	Vol.	Price($)
1	44256	0.094
2	31080	0.093
7	243940	0.092
3	102212	0.091
7	560332	0.090

Price($)	Vol.	No.
0.095	1717	1
0.098	10100	1
0.099	34999	1
0.100	99999	1
0.105	223607	7

Last trade - 15.13pm 13/09/2024 (20 minute delay)

AVA (ASX) Chart

AVA chart, page-109

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Utah authorities sign off on Anson's lithium extraction plans at Green River

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Vulcan appoints investment bank and M&A veteran to board

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

AVA chart, page-109

Top Stories

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Utah authorities sign off on Anson's lithium extraction plans at Green River

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Vulcan appoints investment bank and M&A veteran to board

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News