AVL Elliot Wave

AVL has had a really nice run up in price finishing off last year on a high.

Buy range around the 50% fib level point "c" after the Weekly RSI cools off. MACD is the most diverged its been in a long time and the BULL volume is Decreasing setting up for a pull back to give us a better entry price for Long positions. Interesting area to watch is the middle uptrend line where we may see a bounce before seeing further upward movement. If we break look for a long entry in the .036-.032 range.

The fundamental's of this company look solid with the Vanadium Re-flow battery market getting a lot of attention lately. With some recent positive news we may just see a bounce off the middle trend line and some more continuation.

news:
smallcaps.com.au/test-work-australian-vanadium-gabanintha-ore-concentrate-recovery/

Lets see :)