AVB (ASX) Impeachment Pending Destabilizing

Originally posted by Towie0 ↑

Hi Brut - good memory i do but i prefer Gann numbers for their simplicity & ease of use. Here is a short list of things to watch if your so inclined but my opinion is cloudy i have been doing other work of late. That being said there is strong evidence to say there are lower pressure points to be tested IMO. So money to be made in shorting and looking for the signals to say Copper is headed into a Bull rally which we all are hoping for next year.

Way below the 200MA & im using a Wekly Chart
High Volume on many of the down weeks not the up weeks
Classic refusal by the 50% line on the 3rd weekly try at 2.95 May 22nd based on current range 2008 Low and All time high.
Copper has a habit of putting on a rally in the second half of each year & Momentum tends to bounce of course so watch for some of the simple signals.
If the July 2014 High range to January 2015 Low repeats downwards as it currently is then $2.09 would be the target. The 50% of that minor range acted as resistence just this week...Mind you 2;09 has no previous real history IMO other than being a potential pressure point.

i definately see it testing $2.32 the 50% line of zero versus the all time high, a failure to supply support there will see $2.10 likely tested. $2.10 being the 25% point of the 2008 Low and as you see the 50 worked perfectly.
The clustering 7 repeating numbers says lower we go until support is found and that support will give a huge potential Bull run with the potential to make some big dollars if you get it right & keep adding to the position but thats a whole other plan isnt it LOL if only it were that easy..
Here is some bad news to think about --- "IF" the 2008 fall repeated we would be going to $165 or so eeek..

Last 4 years May has supplied a Minor High - coincidence or not this years May High proved significant along with being on the 50% line made a great Short Trade. That trade bought me 1M AVB shares.

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Hi TowieO,

Thank you for your reply. I have been in AVB a very long time & have them safely tucked away in my bottom drawer (away from the wife). I got bored watching AVB on a daily basis so have been learning to trade CFD's, mainly trade the ASX top 20 but have done well on Gold & Copper lately. Still have plenty to learn but it has taught me to not fall in love with a stock & have tight stops...

Cheers