We see a W Formation, with the price moving and completing the right Double Bottom. Once we get a breakout to the upside, we could see major upside to R11.25. Right now and it's a wait and see but the fundamentals look good. UPDATE: On February 16, 2024, the company announced an expected 45% increase in revenue for the six months ending December 31, 2023. ...
Cup and Handle has formed on Aveng after a long term downtrend. The price has broken above the brim level and so momentum is leering up. Price = 200MA RSI>50 Target R11.28 ABOUT THE COMPANY Aveng Group is a diversified infrastructure and engineering company based in South Africa. Diversified Operations: ' Aveng Group is involved in various sectors,...
AVENG is in a long term range bounded area. It's been coming down for years on a slow and steady declination of a trend. I've even put the time frame on weekly because daily is just not active. By the looks of it, the next target could ease down to R4.00 then R3.50. Not a traders haven choice and many platforms do not even offer this.