gillman_hugh
Long

AVL risky one-- 10-15% Bounce ?

ASX:AVL   AUSTRALIAN VANADIUM LIMITED
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. The 200day MA for a quick scalp with a buy at 35 or 36.

Buy order's seem to be stacking up around these levels so a fill may be hard at 35 or 36

Probably easier ways to make money but i do like these oversold bounces especially coming off such a big move

Support are marked S1,2,3 if we break down and Target's at T1 and T2.

Tight stoploss is key..

Its not about how much you make its about how much you dont lose ;)

Trade active: Target 1 reached
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out