I have no idea what the following gobbldeygook from my old friend Zak Mir means but I gather it is called Technical Analysis. But he seems to think that shares in Avanti are going up. I agree. But for the life of me I have no idea what Zak is on about. The great man writes…
It would appear that Avanti Communications is something of a Marmite company in the sense that traders seem to either love it or hate it – especially in terms of the fundamentals. This concept is represented quite well by the price action trace over the past year as it shows wild swings for the share price either side of the 200 day moving average currently at 340p. In fact, at either end of the range we have seen sharp bull and bear traps making any predictions regarding this stock fraught with danger.
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