AVL 6.25% 1.5¢ australian vanadium limited

AVL Chart, page-1325

  1. 10,470 Posts.
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    there you go - the bullish close played out and it continued today as similar volume and close near highs. We still havent seen the crazy volume which could move this a serious percentage on the day. So far it appears concerted effort to by bulls to purchase. what i want to c is an attempt to retrace with minimal selling and support on low volume. I suspect we test the closure of 7c gap and then retrace to the low 6s on low volume as the bollies are getting a tad extended. RSI is overbought but in reality this can be maintained for a few days like we saw in the move to the 5s in January where it was above 93 for 4 trading days. I believe we close the gap of nov 2015 at 7.1. This correlates with 50% expansion We have the 8.6 level of fib extensions 100% then an old close of 9.4. So i reckon we have another good day of bollies before the retrace. That is the key. Low volume and how far down. It has had a stellar run. GLTA
 
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