AVG compressing nicely. AVG could have a possible breakout soon as upper and lower bands are compressing. An increase in volume needed with MACD trying to move upward.
After thinking we had a small cup and handle formation, the handle failed. The market was waiting on news, which we all are, which probably accounted for the rise but then got impatient and sold off. News is coming, I assure you, but until then the trading range seems to be pretty obvious.
AVG handle could be completing, the call was for Feb.19. Need to close above the 200 to break towards the upside. This all without news of course and we could get news any day which would make this all moot.
