Aveng W Formation nearly time for a Breakout at R11.25We see a W Formation, with the price moving and completing the right Double Bottom.
Once we get a breakout to the upside, we could see major upside to R11.25.
Right now and it's a wait and see but the fundamentals look good.
UPDATE:
On February 16, 2024, the company announced an expected 45% increase in revenue for the six months ending December 31, 2023.
This good news reflects the strong performance of Aveng and its significant progress through its divisions, McConnell Dowell and Moolmans.
Following this announcement, Aveng's stock price jumped by nearly 15%, showing that investors are really optimistic about the company's future.
