Interesting to note that if AVB rises up and touches 16c but cannot penetrate above it for a few days we will have the perfect conditions for the development of an another (but larger) ascending triangle...Starting with the low on the 28th of the 10th, low yesterday and a top resistance of 16c.
Also known as a saddle formation when it occurs in this position....V.bullish when it occurs ...and I think it will. Usually a great pattern with high probability of sucess when it also occurs in a bull market (Like now)... Projections of target price will be the upper line of the trend channel typically...
Always a good sign when there are multiple indicators (technical and fundamental) point to the same conclusion.
AVB Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held
