From a charting point of view, a pullback to around 11.5 --12 cents over the next few days, would do no harm overall.
Chart repetition says AVX is in a very similar position to where it was in november 2006, when it took off rising from around 25 cents a share to approx 75, a three fold increase, of course there's no guarantee the same thing thing will happen now, but in my oppinion the odds are favourable, due to announcements due etc, could be a case of buy the rumour sell the fact.
There is some obvious resistance around the 20 and 30 cent mark, but with the right news , I really expect to see the share price in the 50 cent zone , and build from there, depending on partnering or takeover speculation..
I guess a lot will depend on how the market generally behaves, but the last 2 days candles along with very strong volume bodes well for the short term at least ..
Disc.. hold some ,, free carried from an earlier punt..
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