AVO 0.00% $3.30 avoca resources limited

wait till the golden cross

  1. 203 Posts.
    AVO won't be doing much until the SP 50 day MA crosses north through the 100 day MA currently sitting above it. I would suggest the date of the Golden Cross is some two weeks out. When the Goden Cross occurs, carefully watch the volumes to determine the power behind any price move. If the volume is strong we can expect a decent run say up to A$3.00. If weak vice a versa and we can get out accordingly as it may run out of steam near the old high at A$2.70.
 
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