short term trading week starting - 29th jul, page-86

  1. 24,192 Posts.
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    AVB - A bit early to confirm but could be a pennant forming here... IE a Symmetrical Triangle above a spike (or flag pole). The volume is also decreasing here which is typical of this formation and increases certainty.

    If confirmed then generally you can project a target. Which is essentially the height of the Flag pole added to the breakout point above the pennants top edge... It would have to follow the trajectory of the orange arrow to be confirmed. A bit early but looking increasingly strong ... Interestingly the projected target is approx 11c mark. But lets wait a see how it plays out.


 
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