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KRC

KING RIVER - UPDATE - BUY ZONE APPROACHING- POTENTIAL +15% As noted in my previous analysis on the 26th September, KRC failed to close above $0.064 on the monthly and is on the way to test the intra-week lows of $0.044-$0.037. IF these areas hold, this month ill be looking to scale my buys in between $0.044-$0.037. Overall the R/R trade is appealing. Over the next 3 weeks, for the price to have any hope of going up I'd expect that strong support area to hold, followed by 1-2 weeks of a tightening range, then a nice push up. To confirm the uptrend is in place, refer to the moving averages, you'd want to see the price sitting above the 5MA > 8MA > 13MA > 21MA. Failure to hold the strong support will result in further downside to $0.020 area. Not financial advice.
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by mario-623
King River - Trend Anaylsis. Buy zone comments.KRC seems to be complete market cycle and suggests a potential buy in the following months. I'd watch the monthly and coinciding weekly close to see what the price does. A close above $0.075 is bullish. A close between $0.075 and $0.064 is neutral. A close below $0.064 is bearish and will test the intra-week lows of $0.046 No trade zone for me, waiting for charts to paint a better picture. Refer to the charts for more comments.
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by mario-623
AVL Entry PointAVL has had a nice run up in price and has recently pulled back about 40% before finding support on the 50% FIB level.. Bullish Indicators: Double Bottom on 50% Fib Higher Low on 50% Fib RSI creating higher low on 4 hour chart (showing strength) Monthly RSI cooled off. Volume has dropped off significantly. (usually see this before a big pump) I noticed this exact set up on another chart KRC screenshot below Entry .036 - .037 Target .065 Stoploss .034 Stoploss
ASX:AVLLong
by gillman_hugh