AV1 0.00% 5.8¢ adveritas limited

The blue lines create an ascending triangle which is generally a...

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    The blue lines create an ascending triangle which is generally a bullish formation if the stock can break higher.

    I have drawn the resistance at 75/76 and support is rising as the triangle continues to its apex.

    We broke above the triangle resistance intraday but closed within so the pattern is still yet to be broken....

    Key marks

    Close above 76c - Bullish
    Intraday high 79.5c so trading in the 80's also bullish.

    If we get one we will get both.

    My target if both the above occur is $1.10-$1.20

    Hope that helps
 
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