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11.1% 1.0¢ avenira limited

Bearish divergences on money flow and accumulation-distribution...

  1. nonic
    480 Posts.
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    14/05/08
    11:09
    Post #: 3710773
    Bearish divergences on money flow and accumulation-distribution indicate that the downtrend has not completed. The current rally is therefore best viewed as a countertend rally. The stochastics indicate the countertrend rally is likely to continue, to a target of either 2.58 or 2.95. The downtrend, when it resumes, may exhaust at the 61.8% fib retracement (1.24). Or it may not. Good luck.
    AEV Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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