AVNR Daily Chart ~ Rising from the $2.60s to $5.08
Post# of 2561
Posted On: 03/09/2014 8:32:02 PM
AVNR Daily Chart ~ Rising from the $2.60s to $5.08 So Far
I was asked for a chart on AVNR. I'm not in the stock but it's been on my watchlist for quit some time as I know a couple of friends who are swing trading the stock. The stock has been trending higher in a rising channel. Last week, AVNR broke above the upper channel line but unfortunately it got too far outside the upper bollie. Those following along here on my board know that is almost always a signal to take a few shares, if not all, off the table. The stock sold off and is testing the MA200 for support. The gap of mid December has been filled. I only know of one individual who sold into that move outside the channel line and upper bollie, but I don't know if he bought back in on Friday. I do know he made five profitable swing trades in AVNR since December, while the others are sitting at three and four trades. As with AVNR or any other stock, study the charts and their trading patterns. Look for your entries and exits. It's not that difficult. Stay disciplined and patience as you plan your next trade. GLTA
I was asked for a chart on AVNR. I'm not in the stock but it's been on my watchlist for quit some time as I know a couple of friends who are swing trading the stock. The stock has been trending higher in a rising channel. Last week, AVNR broke above the upper channel line but unfortunately it got too far outside the upper bollie. Those following along here on my board know that is almost always a signal to take a few shares, if not all, off the table. The stock sold off and is testing the MA200 for support. The gap of mid December has been filled. I only know of one individual who sold into that move outside the channel line and upper bollie, but I don't know if he bought back in on Friday. I do know he made five profitable swing trades in AVNR since December, while the others are sitting at three and four trades. As with AVNR or any other stock, study the charts and their trading patterns. Look for your entries and exits. It's not that difficult. Stay disciplined and patience as you plan your next trade. GLTA
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