AVH charting perspective

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

Cheers Lies