AVH.ASX Avita Medical - Bottom Fishing. Trend Cloud Study.Avita Medical is Oversold on the Trend Cloud Indicator at the 9th Wave Down.
Only for those Risk On Trades or Investors looking for a possible Recovery Trade.
I'm starting to Nibble on this one.
As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions.
Shou
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−0.72 AUD
−93.76 M AUD
97.41 M AUD
124.21 M
About Avita Medical, Inc.
Sector
Industry
CEO
James M. Corbett
Website
Headquarters
Valencia
Founded
2020
ISIN
AU000000AVH4
FIGI
BBG00TG7PVN2
AVITA Medical, Inc., through its subsidiaries, engages in the development and commercialization of a technology platform that enables point-of-care autologous skin restoration for multiple unmet needs. Its product, RECELL system, is a device that enables healthcare professionals to produce a suspension of spray-on skin cells using a small sample of the patient's own skin for the treatment of acute thermal burns. The company was founded in December 1992 and is headquartered in Valencia, CA.
AVH - Could provide a Buying Opportunity!AVH has bounced off strongly off support and the break lower could be a false break of Support. My Buy Zone is between $4.75 and $5.00 where I may be buying the pullback once price action confirms it, with a potential target of the previous highs. Price is currently showing resistance at the 200SMA
AVH - Avita - LONGFalling Wedge pattern seems to have finished with a nice breakout of the pattern. Heavy resistance at the 200ma mark. It should come back to test support and hopefully will hold. You could wait for 50 to cross 200 for full confirmation or wait to see if Support holds. Either way this is looking good
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Summarizing what the indicators are suggesting.
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An aggregate view of professional's ratings.
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Displays a symbol's price movements over previous years to identify recurring trends.