AVE 25.0% 0.3¢ avecho biotechnology limited

Early Days, the major weekly and monthly trend is down but........

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    Early Days, the major weekly and monthly trend is down but..... Chart showing a mini trend change.

    Support at 2c has been retested and held albeit a one day close of 1.9c.

    Yesterdays high of 2.6c represents the ceiling of the current range with a gap between 2.6c and 2.8c. Gaps are usually always filled. This gap will be filled. (Unless POH falls to oblivion from here, unlikely IMO).

    The recent chart activity is showing a potential cup & handle pattern. A small pullback and close through 2.6c would complete, and or any close at 2.7c or more would be technically positive and a mini breakout.

    The 36% rise in the last 6 trading days and the various technical indicators will I am sure be picked up by the scans of the day traders. This should bring some further positive buying impetus at least in the short term.

    POH 2015-07-08_.jpg
 
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