TradingView
AlgoTradeAlert
Aug 31, 2023 5:52 PM

$AVA Triple Bottom  

Avista CorporationNYSE

Description

Know Thy Targets The technical analysis of stock NYSE:AVA showcases a noteworthy Triple Bottom pattern in the monthly chart signifying a potential reversal in its price trend. This pattern, characterized by three successive troughs at approximately the same level, suggests a strengthening support level. Observing such a configuration often indicates that selling pressure has waned, potentially opening the door for a bullish reversal. Traders and investors may closely monitor this development, seeking confirmation of upward momentum that could prompt a positive shift in the stock's direction. Know Thy Targets
More