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Guest Post: Zak Mir on Avanti Communications

Tom Winnifrith
Thursday 29 November 2012

My pal Zak Mir asks me to plug this article. It is all TA (Technical Analysis) gobbledygook to me so I have no idea what it means but it is about Avanti Communications (AVN).

Avanti has served up a roller coaster ride of price action so far in 2012 that apart from being excellent fodder for a whole books worth of technical analysis, has although given traders / investors the most painful of journeys. But at least after an accelerating decline from an initial August bull trap retreat it would appear that the bulls have a “final” opportunity to go long on an non catching a falling knife basis, or even worse, a leap of faith.

This is said on the basis of a falling line of support from August last year on the daily chart currently running through the 211p level.

on TradingResearchPoint | Comments
About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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