Aveng Analysis
Aveng this past week finally managed to break the 4c barrier which drove excitement across the market as this was an instant 25% jump for those who managed to get in at 4c per share, I being one of them. In terms of earnings and operations, the company seems to be at the turnaround point especially after posting profits after years and years of negative returns.
Immediately when the share broke the mammoth 4c resistance, we saw a massive surge in trading activity. Buyers probably wanting a piece of massive potential.
I should also note that when I bought into Aveng, the rewards out weighed the risks and it was a comfortable amount invested in terms of my portfolio. But the higher the share price goes the riskier it becomes especially for new investors.
At this point for new investors buying in at 5c, price movements will fluctuate at 20%. By this I mean you stand to lose/gain 20% for every cent movement.
At this point in time I'm confident we might see 6c by the end of this month and possibly 9c by the end of the year. This for me is an extremely long term investment and hopefully over 5 -10 years should yield exponential growth.
Immediately when the share broke the mammoth 4c resistance, we saw a massive surge in trading activity. Buyers probably wanting a piece of massive potential.
I should also note that when I bought into Aveng, the rewards out weighed the risks and it was a comfortable amount invested in terms of my portfolio. But the higher the share price goes the riskier it becomes especially for new investors.
At this point for new investors buying in at 5c, price movements will fluctuate at 20%. By this I mean you stand to lose/gain 20% for every cent movement.
At this point in time I'm confident we might see 6c by the end of this month and possibly 9c by the end of the year. This for me is an extremely long term investment and hopefully over 5 -10 years should yield exponential growth.
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