ajtj99's Market Pulse

[ajtj99]

Well, AVNX has support at $3.00, but if it hits it again, that's a triple bottom. Today's low must hold, or I'm afraid it could drop all the way to $2.30, the target for the head and shoulders top formation on the daily chart:

http://stockcharts.com/def/servlet/SC.web?c=AVNX,uu[h,a]daclyiay[pc9!c13!c20!d20,2!h.02,.20!c50!c100...

At the very least I'd expect $2.80 on AVNX if 3.00 gave away. 2.80 is the rising support out of the fall lows.