AVB 0.00% 16.5¢ avanco resources limited

Awoonga, of course AVB will eventually find a support price...

  1. STL
    96 Posts.
    Awoonga, of course AVB will eventually find a support price level (just as it will face a resistance price level, which was at 12.5c and we did see a false break at 13c which could not be sustained due to lack of positive updates), the more important question is what is that price level?

    That is where TA comes in! As I have stated previously, my buy back in will be based on two TA factors, namely:

    1. Slow Stochastic's %K must cut above %D; AND
    2. The SP chart must produce a Daily Buy Signal (meaning it must close higher that the high of the latest lowest price day preceding it).

    As yesterday's close was 9.5c and the gap that it is attempting to close is between 8.9c and 9.2c, IMHO I believe we will see at least another down day at the start of next week. And you were right to say that when the time for me to buy in comes, my disclosure will show STOCK HELD and ST BUY!
 
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