AVB 0.00% 16.5¢ avanco resources limited

Charts, page-3

  1. 3,232 Posts.
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    A couple things you need for a breakout long AVB is a nice tight squeeze and bring the monthly pivots in nice and close. It rarely trades above or below the R3 S3 level. Last month was bought up around the S3 level. Its fairly obvious we are going to be capped at 10c this month and most likely will not trade above.

    Need a nice strong break above the Bollinger Band and a green DPO and positive MACD. There was false breakout but not much room to R3. This chart is the bid price not the ask price so filters out the higher prices were you unable to sell at. it spiked to 13.5 but could you sell at 13.5? Only if you were in the queue and your ask was getting hit.

    In short the chart is pretty neutral. The price is positive above the monthly pivot and 200 ema. What I would like to see is the 8.8c price become the new low and a higher high 9.5-9.7c.

    AVB-JAN-2018.PNG
 
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