Hello Vipyr....yes...we haven't had two days in a row up since July 21st...We haven't had 3 days up in a row in months for AVCO and I would be shocked (but happy) if we are up again today. We did manage to close above the 10 EMA but we bounced down directly off the important 20 EMA. That's gonna take another thrust to make it up through that...
Even though we should get a down day today there is a very good chance we have a bottom in place from the recent declines. We have seen the 14 period daily RSI dip below 30 on 8/27...then we saw a new lower low on 9/9 but at the same time we saw a higher RSI above 30 giving us positive divergence. More importantly that low on 9/9 is looking like a daily head fake also known as a "Turtle Soup" pattern....price dips below an important low put in place and then turns around and takes off to the upside faking traders out of their shoes and hitting stop losses...
I have also been pouring through research and the bullish fundamental argument is overwhelming for Avalon. There is a lot to this company...
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