AVH consolidations period coming to an end?This has acted beautifully and looks like its being accumulated still. Great signs for this company.
Market insights
$AVH buyers are starting to own this stocks behaviourNow that its absorbed the 400% move this stock looks set for another move after the September 3 pullback from the attempted break. Great action around the 8 day here. They tell me brokerdata is good too. I don't know much about that.
Short AVHDue to its' massive gap up and formed a nice bearish candle, looking to short this stock. Just to TA, it's well above it's RSI level and 2 standard deviation. Also it has hit all time high and 52 week high as well.
ASX:AVH testing the 10 cent resistance barrierAfter an excellent 3 to 4 month run, AVH had a bit of a breather and is now back testing the 10 cent barrier. If it can find support at this level it might be back on for another run.
AVH 1d momentumAVH daily shows signs of a trend line break and a strong move through moving averages. But there is weak follow through so expecting a back test as it headbutts 200ma and tightens more before a stronger move.
Stochs and MACD all turned up, shorter stoch in overbought and on low volume hence my expectation of a backtest/consolidation.
Has had decent volume near its current base too so potential accumulation, soon mark up then distribution.
