AVB avanco resources limited

how about a chart?

  1. 2,791 Posts.
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    Well the posters have been out in force recently (AVB was rather quiet for a while), so I thought I'd cause some controversy by posting a chart.



    That 0.056c resistance is fairly important, though the recent low at 0.048 is another base to work off.

    But the trend is clear and unchanging since the beginning of the year. You could be generous and draw the line along the top of the recent highs at 0.075 (which would make the convergence happen a bit later). But it looks suspiciously like this stock will break. And, on balance, it is more likely to break down.

    Of course it's all balance of probabilities and may do no such thing but if I had to lay a bet on what was going to happen, I'd say hello 0.050. If we get a sudden volume/ price surge (and/or very good news) then the story will be different.


 
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