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....
VCP breakout
Ignoring fundamentals
VCP
T2
38% , 31%
Tight narrow range and volume contraction
Pivot point breakout seems to require large volume to be successful
Will monitor from here - not currently in this stock
Vanadium oxide/pentoxide is used to harden steel to make high strength steel for concrete reinforcement, automobiles (thinner gauge/light weighting), and aerospace engines, and things like submarines. ASX:AVL UUUU
This is micro/small cap mining stock that specializes in vanadium pentoxide, which for HSS used near 15-18% with iron and reduces corrosion...
There are 2 fib levels on the chart. The fib level marked on the left are for the move up from Feb 2016 whilst those on the right are from April 2018. There is a point of confluence (PoC) marked on the chart where the fibs are in close range and are supported by the rising weekly 50 day MA (and also the daily 200 day MA if you switch the chart to daily). A break...
For those who are familiar with my bearish sentiment on AVL, I have left my bearish notes (with up to date corrections) on the chart. The support at 0.039 held, so I was wrong there, anyways, moving along:
Bullish expansion on the Bollinger Bands
Breakout at 0.046
RSI Breakout
Decreasing volume, with highest volume breakout since the price was above...
Everytime it hits the 0.036 - 0.037 support level, it bounces hard, but I'm not so sure it will hold this time. I would have personally liked to see the 0.040 level hold as support but it was broken today. Feasibilities are due soon meaning more sellers are likely to come into action as reality sets in ( see link )
Not overly excited, but not bearish either. It...
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...
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...
With the emerging battery industry,vanadium and lithium are well sort after materials as we move towards renewable energies. AVL could play a massive part in supplying vanadium.
Vanadium focused ASX listed company
- Actively advancing a new, long-life vanadium
project at Gabanintha in Western Australia
- Significant project with large, high-grade
Measured,...
