AVNS trade ideas
$AVNS forming 4+ Month #AscendingTriangle #ChartPatternNYSE:AVNS forming 4 month ascending triangle chart pattern with $34.50 testing multiple time and acting as resistance. Chart patterns that accomplishes 3 things when they breakout are ones that has the most chance succeeding. When the breakout takes place (daily close above $34.50), AVNS will:
1) Close above its Ascending Triangle chart pattern (blue line on chart - breakout)
2) Clear a multi month weekly downtrend (red trend line on chart)
3) Clear/Breakaway from the 200 MA (yellow line on the cart)