AVI reached my previous buy/long target in a relatively short time frame (see original idea attached). My updated comment is as follows:
"The previous bull flag formation has played out with the shares moving into an ultra short term overbought range. A medium term demand supply zone is recognized, with the share having been rejected at this level on Friday. Consider Friday's pre-market tactical reading: "Very strong move. Buyers in control but do not chase. May fail at attempt to hold the highs which, if it does not hold, then the 8-EMA might be a target.” For the day, the share closed weaker by 1.34%. A potential scenario here is a re-test of the bull flag which may offer a better reward-to-risk for traders looking for a new long entry."
"The previous bull flag formation has played out with the shares moving into an ultra short term overbought range. A medium term demand supply zone is recognized, with the share having been rejected at this level on Friday. Consider Friday's pre-market tactical reading: "Very strong move. Buyers in control but do not chase. May fail at attempt to hold the highs which, if it does not hold, then the 8-EMA might be a target.” For the day, the share closed weaker by 1.34%. A potential scenario here is a re-test of the bull flag which may offer a better reward-to-risk for traders looking for a new long entry."