Thought I would start up a fresh Chart thread only for AVL since I can't seem to find the AVL thread I posted my last chart on ... That was sometime back in mid Sept.'20 ... I know I did later posted it on the XSO Brain's Trust Thread.
Anyway, only one real change to that chart; its seems to have added a RHS within the Rounding Bottom previously drawn to form a likely Reverse HnS Bottom Pattern. We are currently 'squeaking' above its neckline. This pattern should initially target abt 3c BUT because of the length of time this pattern took to 'evolve' (21mths) it could see much higher prices b4 it pattern momentum wears off. Besides, on this Weekly Chart, a 3c objective is only about equivalent to the 38.2% Fib retrace level from the Aug.'18H to Mar.'20L. I would expect something closer to the 50% mark(3.8c) sometime this year.
See how it pans out!
AVL Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held
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