Aveng Back to recovery
Since the Aveng stock split trading view was struggling to display the stock split, happy to see this corrected
What I see
Based on work on hand of close to R30 billion, and hitting the 0.618 fib level I believe R15.50 is a support level.
MY price target is as follows
R30 at the 0.618 Fib level (Most likely target after earnings report)
R48 at the 1.618 Fib level (I believe this is an achievable target if they decide to start declaring dividends)
What I see
- Past 7 years a consistent down trend, with possible reversal now in 2021.
- Rounding bottom a great reversal or short term bullish pattern with statistically excellent results
- Local top in October 2021 followed by a pull back. Pullback hitting the golden pocket zone R15.50 or 0.618 fib level
Based on work on hand of close to R30 billion, and hitting the 0.618 fib level I believe R15.50 is a support level.
MY price target is as follows
R30 at the 0.618 Fib level (Most likely target after earnings report)
R48 at the 1.618 Fib level (I believe this is an achievable target if they decide to start declaring dividends)
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