AVA 0.00% 11.0¢ ava risk group limited

AVA - Bottom Triangle - Bottom Wedge

  1. 23 Posts.
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    Intermediate-Term Bullish
    Volume2,538,323
    1Close Price0.51
    2Target Price0.59 - 0.61
    3Pattern Duration45 days
    4Inbound Trend Duration80 days

    The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation.
    A Bottom Triangle shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks above the upper trendline with a noticeable increase in volume, confirming this bullish pattern as a reversal of the prior downtrend.

 
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