Seller's looking exhausted down at these levels (even with general market slump), while buyers are waiting to hear if burn admissions have "recovered" and (in my view) the inevitable spike in sales due to RECELL GO rollout.
My vote is we are forming the right shoulder of an inverted head and shoulders pattern which is bullish.
I spent the weekend re-researching the AVH history and expect there are hordes of stale bulls out there with burnt fingers, who are weighing on sentiment. When the good news starts coming, the sky's the limit.
I topped up again yesterday at 275c so have effectively doubled up in the last month.
Morningstar June 2024, page-15
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Last
$2.76 |
Change
0.260(10.4%) |
Mkt cap ! $190.5M | |||
| Open | High | Low | Value | Volume |
| $2.51 | $2.80 | $2.51 | $1.284M | 481.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 6843 | $2.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.77 | 1700 | 2 |
View Market Depth
| Last trade - 11.41am 09/08/2024 (20 minute delay) ? |
| AVH (ASX) Chart |