A lot of great fundamental positives in your thread, but from a charting perspective AVH made a new low last week and as such it's price has a higher probability of falling further than rising. It has fallen to a very strong support level from last year and if it falls through that then for me AVH's price is likely to remain toast for a while. I've been holding during the fall - from a short term trade that didn't pan out. Not holding many, so not the end of the world but a bit disappointing after I'd hoped for good things. Anyway, another day today and perhaps it will go up - but technically AVH is now a sell for me.
On a quick technical note I think I had my Elliott Wave analysis wrong initially and the entire price action on the chart below is a Wave 1 & 2 (I was seeing it as an entire cycle rather than just part of a cycle). Assuming it is a Wave 1 & 2 then it's action is text book perfect - ie rise into W1 and then lose 75% of those gains in the fall into W2. Another targeting technique I use suggests a bottom of $6 (which is just above that 75% retracement - but close enough for the exercise. Assuming price rises from the current levels it should rise strongly into Wave 3 which is the strongest and longest rising wave of a price cycle. Not really a double bottom in my book by the way.
Good luck
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Last
$2.65 |
Change
-0.050(1.85%) |
Mkt cap ! $183.5M |
Open | High | Low | Value | Volume |
$2.64 | $2.66 | $2.63 | $170.8K | 64.63K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 6918 | $2.64 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.65 | 30 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 6918 | 2.640 |
2 | 9974 | 2.630 |
4 | 21479 | 2.620 |
3 | 8500 | 2.610 |
4 | 31559 | 2.600 |
Price($) | Vol. | No. |
---|---|---|
2.650 | 30 | 1 |
2.660 | 30 | 1 |
2.670 | 1130 | 4 |
2.680 | 3186 | 2 |
2.690 | 10252 | 2 |
Last trade - 12.00pm 23/08/2024 (20 minute delay) ? |
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