Hi, to predict acurately a share price movement with a chart is impossible for a very simple reason. Share prices react to news good and bad. If the news continues to be good the share price will simply continue to rise with pull backs along the way making higher lows and higher highs. If the news is bad the share price simply will fall, usually the falls are much quicker than the rises.
SFR is a prime example of a run away train with healthy pull backs along the way as people simply take profits on every leg on the way up,the SFR share price history is a great example of what happens with continuous good news. There were gaps to the downside with SFR that were never filled,maybe if we have a great depression these gaps may get filled but again its purely news driven not a chart.
Charts i think are useful but are only a measurement of after the fact, they can be used to help when to enter or exit but they are far from anything usefull to predict the future as this is only determined by good or bad news.
The next lot of drilling results will determine what AVB shall do
Cheers
LF
AVB Price at posting:
6.7¢ Sentiment: None Disclosure: Held
