Hi dbd
Since the beginning of last May is a rather short term chart?
Avoiding actual numbers (best policy for me), and definitely not being an TA expert it seems to me AVL might have been in downtrend since 23/02/2007 when they first rang the bell got it as a vanadium junior called YRR (Yellow Rock Resources).
I know the name/focus was changed to Australian Vanadium on 02/12/2015 )(https://www.australianvanadium.com....-changes-name-to-australian-vanadium-limited/)
… but from what I understand this has no bearing on the chart and nor does the recent merger or the fact that in less than 18 months the AVL board and management has had a near total refresh
(Or the fact that May downtrend started when the long term chairman left and started dumping many tens of millions of shares).
But - regardless - of when the down trend started - and looking forward ..
What price levels please - according to your reading need to be reached and held to confirm an UPTREND?
cheers
AVL Price at posting:
1.8¢ Sentiment: None Disclosure: Held
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