AVI looking good for a possible long entry
Updated
Looking good for a possible long entry. What is a bit concerning is the MA200 coming in at 8260 which might cap gains. Will need to break above the MA200 for further upside.
So will have 3 possible targets and monitor closely how the stock trades around first and second target should they be reached.
Entry will be a break and daily close above 7800.
Stop loss will be 7320 and adjusted to a trailing stop should the MA200 be overcome.
1st target - 8260 (MA200)
2nd traget - 8850
3rd target - 9450 (might be a bit ambitious but possible)
So will have 3 possible targets and monitor closely how the stock trades around first and second target should they be reached.
Entry will be a break and daily close above 7800.
Stop loss will be 7320 and adjusted to a trailing stop should the MA200 be overcome.
1st target - 8260 (MA200)
2nd traget - 8850
3rd target - 9450 (might be a bit ambitious but possible)
Trade closed manually
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.