Our trading desk was long this one prior to Friday's massive move.
I also published the idea just over 3 months ago on 27 May, with the potential price path denoted on the chart.
Original long idea (with envisioned trajectory) attached.
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With SA retail once again brought to it's knees, we do have some (unfortunate) opportunities, especially with our food producers. With supply chains disrupted and store shelves empty, we can only expect the "re-stocking" to benefit our brand owners and food producers. This is a buying opportunity for unusually high demand when the looting is over. Buy AVI at...
JSE:AVI has bounced off of the support level at around 7000 numerous times since early 2020. It is struggling to make lower lows, so my prediction would be that it continues upward towards the 7550 area or at least to around the 200SMA.
There's a handful of SA-Inc shares that have been doing very well in recent sessions. I have flagged a few single names, so the next step is to find ones that haven't moved as much yet but appear to be getting out of the starting blocks. AVI is one such stock. With it's reputation as having one of the best management teams on the JSE, the share, from a technical...
After their results AVI enjoyed a mammoth rally but has since pulled back. I have been waiting to see if it could hold above R71.00 and ALSO break out of the wedge. It has done both. This looks to me like we could see a healthy bounce to around R80.00. I'd be looking to buy at R74.00 or better with a stop loss at 71.00. PS. R2.50 Dividend on the 14th October but I...
Our Tiger Brands short/sell came within cents of our R125 target, down a further 3.55% on the day.
Our Growthpoint short/sell traded sub-R13.00.
Our AVI short/sell moved in our favor declining by 2.42% on Monday.
Not Financial Advice
#AVI $AVI #JSEAVI
Watching this on the Weekly and Monthly, Dont want to see this support broken.
Weekly looks the most interesting out of them all
Daily finding some resistance
Weekly close above 70 or 71 would peak my interest into buying this
Monthly support has been tested over and over and it seems to holding.
follow me on...
Looking good for a possible long entry. What is a bit concerning is the MA200 coming in at 8260 which might cap gains. Will need to break above the MA200 for further upside.
So will have 3 possible targets and monitor closely how the stock trades around first and second target should they be reached.
Entry will be a break and daily close above 7800.
Stop loss will...