AVA -----> Still in accumulation mode

Hello everyone !


Today the Black Cat Trader is analyzing AVA based on a weekly chart. 



What we can see :

AVA is still trading under the downtrend line (yellow) and prices are located on the lower line of the pitchfork which is a good support right now. Note that prices are stuck under the EMA21. 



What we can expect :

If prices manage to break the downtrend line, we can expect AVA to reach the intermediary lower line of the pitchfork (which would act has a resistance). A pull back on the downtrend line would be perfect to send AVA to upper levels


Major resistance : Downtrend line

Major support : Lower line of the pitchfork


TP1 : 11,74 $ (1.618)
TP2 : 18,03 $ (2.618)
TP3 : 24,33 $ (3.618)
TP4 : 30,62 $ (4.618)



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