With no action for a few days it would appear your friends/foes...

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Hill Billy 55

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14/10/21

11:17

Post #: 56792467
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Originally posted by Cheeky-Charm: ↑

AVE/AVEO UPDATE Dear Frustrated Holders,

I can understand the pain. Attached below showcases the AVE price action. We can see that not long ago, AVE managed to accomplish 6 months of jack crap movement in share price before ultimately multi-bagging

I've personally had eyes on this since Mid Oct 2020! Was going for a huge run. However in January 2021 it's managed nothing but a continual sell down.

Not to mention, way over 3 months ago I started looking into AVE again for a potential move calling 1.7c bottom levels. Since then, it's BARELY moved 3-4 pips higher (albeit hitting my 2c short term targets).

IT ONLY DAWNED ON ME LAST WEEK that this pattern is very similar to that of April - October 2020 nothingness!!
IS IT NO WONDER HOLDERS ARE FRUSTRATED AND ANNOYED?! After all, prices have been stagnating by the lead brokers (Peak Asset)

Now, I rarely talk or mention the pathetic Morningstar service since that algorithm is super random however over the years, I have managed to notice a small pattern.

AVE - 2.6c rating (was at 2.9c) AVE was stuck at 2.1c for AGES on Morningstar Rating (when I alerted it at 1.7c) - It would not absolutely surprise me to see 1.7c revisited and possibly filled.

With prices flirting at that key 200 EMA moving average level, with news to be arriving shortly I could suspect that Pump Target Of 3c to be seen eventually but I may be wrong. The longer it takes for them to drop the catalyst, the longer this algo plays out doing nothing in share price the less likelihood of the move up. Until then, I would suspect a move isn't far off. So prep for a 1.8c dump possibly 1.7c to revisit. I cannot see this moving into a breakout regardless HOW CLOSE it is to it. The way Peak Asset Operate, they don't let things run and fly without first stinging people and taking them out of the equation. Most know that AS SOON as they sell, they gonna hold it up and re-break past 2c LOL

6 MONTHS OF NOTHINGNESS STAGE ALMOST OVER!

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With no action for a few days it would appear your friends/foes have flushed out all the nervous small shareholders. Maybe its time for them to stop playing their games. What do you think?

AVE Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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