Hi Folks
I am just recently into AVH. I got in at 0.64.
I like to use E-waves and Fib's only as a guide as to what to expect is possible and I am not surprised. This has been useful to me in the past across a number of stocks.
On the weekly charts AVH hit a low of 0.08 on the week 30 Dec 2018 point A using the ABC Fib's . The A wave rose to a High B point of 0.74 to complete the upward A wave. Incredible rise.
At some stage some retracement had to occur down to point C. B wave retracement and it happened fall from B=0.74 to point C=50 that about a 36% retracement which is normal after such a rise.
Using Fibs to try to estimate the next C wave upward movement (assuming not general stock market correction) we come up with the following estimates of the C wave upward potential (so as we are not surprised)
At EST 23.6% = 0.89 , At EST 38.2% = 099 ( my likely candidate before some more profit taking and a correction) and finally EST 50% =1.07
One thing in our favour of us reaching these target is that the SP has already exceeded 0.74 the previous recent high if we can stay above that mark for a couple of days I suspect we are on our way to my first target of 0.89, with maybe more to come.
This is just how I view my stocks and their potential, Just my opinion DYOR.
Good luck folks
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Last
$2.67 |
Change
-0.060(2.20%) |
Mkt cap ! $160.7M |
Open | High | Low | Value | Volume |
$2.72 | $2.73 | $2.65 | $791.0K | 293.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4333 | $2.67 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.68 | 9529 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4333 | 2.670 |
2 | 1802 | 2.650 |
1 | 80 | 2.640 |
1 | 5000 | 2.630 |
2 | 6000 | 2.620 |
Price($) | Vol. | No. |
---|---|---|
2.680 | 9529 | 1 |
2.720 | 1000 | 1 |
2.730 | 3859 | 2 |
2.750 | 10000 | 1 |
2.820 | 1063 | 1 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$2.66 |
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Change
-0.060 ( 3.24 %) |
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Open | High | Low | Volume | ||
$2.71 | $2.73 | $2.65 | 25459 | ||
Last updated 15.53pm 03/05/2024 ? |
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