We have a bullish flag on AVI. The stock battling with the 50 day EMA sandwiched between the 50 and the 200 day EMA at the back of a golden cross a few weeks ago. If the stock breaks out of the wedge. Closing above the 50 day EMA that would be a buy signal with a stop loss at R76.50 and a profit target of R89. Assuming an R81 buy price.
Risk R4.5
Potential reward: R8.
Risk Reward 1.8
Risk R4.5
Potential reward: R8.
Risk Reward 1.8