AVO avoca resources limited

overbought ready for a correction

  1. 203 Posts.
    AVO is now strongly overbought despite the good fundamentals. Gold itself is getting ready for a hefty correction back to US$700 area before resuming its upward trajectory. So those holding AVO should hold and buy more when the price reacts back towards A$1.80. Or trade and make profits if you feel you can handle the stress! One never knows I could be wrong!

    Matters are too early for a takeover but once the mine is up and running sweetly things could happen.

    Sag
 
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