All this is just my two bobs worth on the (charting) state of...

All this is just my two bobs worth on the (charting) state of play with AVL.  Whilst I like the stock, I do not like the chart pattern.



I am of the opinion that this is heading to towards closing the (partial) gap at 2.2 cents that occurred in late January 2018.  On the weekly chart todays close was below support of 3.8.  Price has also closed, as it has done for the past few weeks, the wrong side of the linear regression line
Additionally trading below the important (to me) simple weekly moving averages of 20 & 50 & of course the 8 week EMA.  On the “bright side” above the 100 & 200 SMA as well as the 200 EMA.   On current price action and of course imo looking like indicators, price gap close and linear regression line all looking to intersect around late January 2019. Although will be watching closely around the weekly 61.8% retracement point.
Picture is much grimmer on daily chart as below all indicators referenced above.  Although pretty much the same picture.  Appreciate that this is ASX data only but don’t think picture will change much with CHI x data (except that maybe partial gap may not exist?

Just my views and of course, one solid OT agreement would change everything.

GLTAH
Cheers

Charlie