AVB 0.00% 16.5¢ avanco resources limited

monster stacking on avb great finish :), page-89

  1. 24,192 Posts.
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    Well we have breached the lower level support area of 8.2c this morning and as a result have fallen to 8.0 "so far" and bounced back up, however the area that was support 8.3-8.6 will now be resistance to upwards movement.

    To a large degree AVB is in that hands of the "market gods" ...meaning if the market falls hard again tonight the AVB will be hit hard tomorrow. On the +ive side if a good Ann report is release people will trip over themselves getting in ....

    Personally I'm fence sitting wait to see what the markets will decide to do. Knowing that Sept / Oct are two of the worst months for sharp drops in the markets statistically speaking. Hard one to call really...so if in doubt protect your capital.
 
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