Two things concern me at this point
1. We are right on the edge (at 14.5) of the short term uptrend line which if broken is not a good sign, started on 2 Nov IMO... Currently we are moving side ways and will cross V.soon if nothing changes.
2. Total Buyers /Total Sellers have stayed essentially unchanged. There has been no build up on either side.
3. General market went up overnight but AVB has not ... In fact it has not moved really. But it has not been strong enough to touch 16c today (yet) as it did the day before. Indicates to me lack of confidence right now.
Hard call really and could go either way but probability seems to be to sideways then down. Leaning towards a fall to support at 13-13.5c this stage but time will tell. An Early sign would be a build up of sellers at 15c. Perhaps it will take a few days to play out fully.
Again all is opinion only
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- spot on
spot on, page-14
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