NYSE:AVD AMERICAN VANGUARD CORP
###TITLE SHOULD SAY "OFF OLD DEMAND ", SORRY ABOUT THE CONFUSION####
Yesterday AVD reported earnings with a beat. If price holds here , it looks like we have nice opportunity. Price also happens to be coming off old demand level. I have a stop at 12.28 with a first target at 13.80 and a second target at 14.89.
Im not doubting, i actually would like to know your opinion. Without any lie, i do like your charts and check most if not all of them. I even add some as points to decisions i make, so thanx for the prompt replies and lets see how this pans out. Markets are still not off the hook for being too lousy
I have learned the hard way that a diverging fisher is not enough. So, I now look for it in concert with a host of other bullish signs. But, as you must know, sometimes even the best plans fail. As I continue to learn this business of Technical analysis, I am doing my best through the charts i share to express these ideas. Thank you for your feedback and I apologize for any misunderstanding. Indeed , the overall market looks lousy to me too.
Yes it did . I was looking at the chart and this play has a habit of big moves south before heading north. Will it recover this time? I can not say. Here is another chart; this time I drew the fork with a wider perspective. I have highlighted some of the other occasions I am talking about. As the chart illustrates, just before the current bull run began there was a big move south out of the fork. Not good but not ready to fold the tent yet.