AVH has bounced off strongly off support and the break lower could be a false break of Support. My Buy Zone is between $4.75 and $5.00 where I may be buying the pullback once price action confirms it, with a potential target of the previous highs. Price is currently showing resistance at the 200SMA and could pullback lower to provide a new buying...
Falling Wedge pattern seems to have finished with a nice breakout of the pattern. Heavy resistance at the 200ma mark. It should come back to test support and hopefully will hold. You could wait for 50 to cross 200 for full confirmation or wait to see if Support holds. Either way this is looking good for a long setup.
Price jumped up today 15% on a QTR update. Weekly shows the price in a wedge testing the 78.6% fib retracement & bouncing of that zone. Daily - Price is testing $5.55 - $5.60 a historical support/resistance zone. Break of that zone & the trendline will be bullish
I found this pattern at tickeron website with the following data:
STATUS = Confirmed
CURRENT CONFIDENCE = 82%
TARGET (EXIT) PRICE = 12.07 USD
BREAKOUT (ENTRY) PRICE = 20.50 USD
DISTANCE TO TARGET PRICE = 41.23%
EMERGED ON = Oct 30, 12:00 PM (EDT)
CONFIRMED ON = Oct 30, 03:39 PM (EDT)
WITH CONFIDENCE LEVEL = 95%
The Broadening Bottom pattern forms when a security...
As the SMART MONEY trapped the short seller 3 times since July, in order to accumulate for medium/long terms, their motives gave us couple of bullish targets to watch going forward.Since both Vertical and Horizontal counts are identical, I am only publishing the vertical count as shown on the chart for educational purposes only.
Analysis continues....
23 of August I have published the Monthly chart.
Today what I was anticipating has happened.That is long entry intra month WYCKOFF WAY!
THIS ANALYSIS IS NOT AN INVESTMENT/TRADING ADVICE.
Still a secondary correction within a major uptrend in major time frame monthly with LOW RISK LONG ENTRY pending.
End of Month close above Climax Low of $6.50 is what I am looking for.A perfect Turtle Soup entry that would be !
This TA analysis is not to be taken as a financial advise.
