AVGR - AVINGER INC. , final sell off under 1 $ is done, we can see high volume and nice momentum on this weekly log chart. Is AVGR on the way to higher levels ?? Good luck and happy trading!
@Jcruz92, as you can see on this weekly chart (I always use it for long term overlook)
AVGR is actual in the area btw 1.50 and 2 $. Support level is @ 1.50 and 1.20.
I use this area btw 1.50 and 2 $ to get in, my risk is btw 0.30 to 0.50 $.
According to this chart the next level to the sky is 3.50 / 12.68 and 24.57 $.
It is your decision - you have to manage your money and your risk!
I hope that I could help you - be careful!
Jcruz92
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I'm heavily invested in this and I'm trying to gauge how patient to be, currently learning different chart patterns, thank you so much for your response. I suppose I was wondering if the move to 3.50 would be this week or 3 months lol
MarkLexis
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@Jcruz92, try to be patient ! ;O)
When 2.43 are broken it could go very fast to 3.50 and above but AVGR could also retest 50-MA again.
So anyway be prepared and try not to sell too early! Good luck!
MarkLexis
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@Jcruz92, AVGR is forming a perfect bullish flag with descending volume during formation ...
what resources do you recommend to learn this studs efficiently I am currently reading the big book of chart patterns
MarkLexis
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@Jcruz92, well there are so many books and pages you can learn. Just to mention few I have red :
John Murphy Technical Analysis of the Financial Markets
Martin J. Pring Technical Analysis Explained
Dr. Alexander Elder The Complete TRading For A Living / and / Come Into My Trading Room
Andrew Aziz Advanced Techniques In Day Trading
But you can also find enough material to learn on Stockcharts (Chart School) or Benzinga.
Jcruz92
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@MarkLexis thank you, I screenshotted as this was really helpful (: