ta analysis looking good

Candlecnd

Fair comments. I have been looking at the Technicals in attempt to understand the poor share performance other than invoking skulduggery as I have. AVO has clearlt been in a 6 month period of consolidation following a good uptrend in the latter half of 2006. The share was short - medium term overbought. However, the MA's (50, 100,200 day) have closed up to alignment which is very bullish development. Furthermore the MACD suggests AVO is oversold. The gold price is set to break out of the range US$630 - 670. Given AVO's strong fundamantals I would not be surprised to see the stock break up to A$2.00 to A$2.50 in the coming 3 to 4 months.

Cheers and kind regards

Sag