Disclaimer: I am a new trader, practicing my analysis and methodology and using these ideas to document and review my progress. All feedback is welcome! Price has been in a tight consolidation for several weeks now, but has remained above the 200EMA since breaking above it in late July. A clear base has formed at the 0.041 level during this consolidation period....
in this video we look at AVL and the potential target zones for a lift off move
Resistance trend line has broken. Now range compression for a possible up to the next resistance level
AVL is currently oversold on the 1-hour and 4-hour time frame after an extensive sell-off. With RSI at 23 on one hour and 26 respectively on 4 hour a bounce may be a play if you like a RISKY one. Note. KRC is in a similar situation with a 10% bounce already achieved on KRC. This is a risky trade and I would personally look for an exit against a moving average....
AVL has had a nice run up in price and has recently pulled back about 40% before finding support on the 50% FIB level.. Bullish Indicators: Double Bottom on 50% Fib Higher Low on 50% Fib RSI creating higher low on 4 hour chart (showing strength) Monthly RSI cooled off. Volume has dropped off significantly. (usually see this before a big pump) I noticed this...
TNG has had a rally on some recent good news regarding its Tivan process. Currently its sitting at 16 cent, I am looking for an entry into TNG for long term at the 14.5 cent level. I see an increasing price on decreasing volume which may indicate that its going to pull back and form another higher low before tightening up and popping out of this current range....
AVL has had a really nice run up in price finishing off last year on a high. Buy range around the 50% fib level point "c" after the Weekly RSI cools off. MACD is the most diverged its been in a long time and the BULL volume is Decreasing setting up for a pull back to give us a better entry price for Long positions. Interesting area to watch is the middle uptrend...
All that recent volume and NO MOVE How often do they just go vertical... Support via PnF60
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