Can AVIS sustain its up moves...?
Updated
Here we have our AVIS chart.
After news reports flying it to astronomical highs, It has since come back down hard.
This is because a stock can only go so high before it comes crashing down, as Sellers rush in to take advantage of the price, if they can borrow shares..
It is likely to drift further down back into reality, given its current Forecasts/Fundamentals.
MA's are yet to catch up but will drift slowly until the price is back at a point that is comfortable for buyers.. and worth it to invest.
Hype only lasts so long and when it is gone, Sellers MOVE IN.
After news reports flying it to astronomical highs, It has since come back down hard.
This is because a stock can only go so high before it comes crashing down, as Sellers rush in to take advantage of the price, if they can borrow shares..
It is likely to drift further down back into reality, given its current Forecasts/Fundamentals.
MA's are yet to catch up but will drift slowly until the price is back at a point that is comfortable for buyers.. and worth it to invest.
Hype only lasts so long and when it is gone, Sellers MOVE IN.
Note
Take your profit. Well done
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Posts Not financial advice.
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