AVO avoca resources limited
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DoubleeGood comment! The HUI tumbling and gold well down but AVO...

  1. Sagittarius55
    203 Posts.
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    22/04/08
    17:01
    Post #: 3615821
    Doublee

    Good comment! The HUI tumbling and gold well down but AVO up on strong volume. Strong overhead resistance today coming in at the A$2.45 to A$2.60 area from those hung up at the top of the last rally. Strong US$ going forwards and further gold weakness could cool what would have been a strong AVO rally on excellent fundamentals. Given the market backdrop A$2.59 may have been the peak of this rally and we may see prices fall back to A$2.25. I hope not as I'm not selling. However, this is what seems to be happening.
    AVO Price at posting: 0.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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