AVE 12.5% 0.4¢ avecho biotechnology limited

POH chart thread

  1. 1,224 Posts.
    lightbulb Created with Sketch. 227
    Surprised there's no chart thread.

    Anyway, for what it's worth, potential cup and handle here. Uptrend ahead of the cup formation. Low volume at the bottom. Pullback at the right side of the cup.

    I understand that short-term it's all about the Mylan arbitration, not some chart pattern, but the chart does signal the potential upside if there is reasonably decent update soon. Volume has dried up, no one selling, everyone set and waiting. A breakout would be epic in this situation.

    Here's a note I put together on arbitration and how it works. https://www.evernote.com/shard/s267...67bf37258c9e/c191d398841f68704eb2feff4250fbf5 It's just my own notes, you folks have put together some pretty amazing research yourself on this stock, I welcome your comments if you see any issues or would like to add anything.

    Good luck to all. POH daily 02-07-18.jpg
 
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Last trade - 10.59am 30/04/2024 (20 minute delay) ?
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