AVNR Daily Chart ~ Pay Attention When Your Stock Is Outside the Bollie Bands
As I mentioned on Mar 9, when AVNR got outside the upper bollie, that was the time for an exit of some or all of a swing trading position. The stock has been in a rising channel since late Dec, but that came to an end this Thur and Fri. There was a bounce off the MA50 intraday on Fri but it has yet to be seen whether that was the end of the decline. The FullSto and MACDs suggest there's more downside. Strong fundamental news would turn the bleeding, yet those that might have sold, when the chart told them to, are looking like geniuses now. GLTA
As I mentioned on Mar 9, when AVNR got outside the upper bollie, that was the time for an exit of some or all of a swing trading position. The stock has been in a rising channel since late Dec, but that came to an end this Thur and Fri. There was a bounce off the MA50 intraday on Fri but it has yet to be seen whether that was the end of the decline. The FullSto and MACDs suggest there's more downside. Strong fundamental news would turn the bleeding, yet those that might have sold, when the chart told them to, are looking like geniuses now. GLTA
