AVB 0.00% 16.5¢ avanco resources limited

Cheers Paul.I find it interesting how someone else in the forum...

  1. 101 Posts.
    Cheers Paul.

    I find it interesting how someone else in the forum who knocks my analysis then goes on to adopt my profit target.

    Any who my target was purely where I think the stock could reach in 2 weeks there's every chance it could bounce before then or even fall much lower than 7.6. Nothing in this game is certain so its best to focus on the price action and change your bias accordingly.

    Something to keep in mind for those who think moving their stops wide to avoid being shaken out is a good idea. Last time we saw an buying climax on AVB the price retreated around 40%. A stop loss is used to manage your risk as soon as you move this your throwing risk management out the window. I've made the mistake myself and it more often than results in holding a loss for a long time and losing the opportunity to make a lower entry with less capital.

    GL to all and hopefully AVB will be charging over historical highs very soon!

 
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