Travala.com (AVA) - oversold

On the above 1-day chart price action has corrected over 80% since last April. Now is an excellent moment to take a long position. Why?

1) The ‘incredible buy’ signal. Also prints on 6-day chart (below) following the previous sell signal.

2) Trend reversal. Price action AND RSI are now printing higher highs / higher lows. Excellent.

Is it possible price action falls further? For sure.

Is it probable? No.

Timeframe: 2-4 months
Projected return: 6 to 10x
Portfolio exposure < 6%

Good luck!

Ww


6-day buy signal

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The madness of alt season is upon us

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Comment:

now