AVTX - a potential continuation WATCHAVTX popped on a big revenue beat on March 28th. It is now priced at about 3% of the ATH
of last July. With the massive price jump came a 15X relative volume. The question is
whether price has retraced into support and can rally again in the next market session.
This remains to be seen. i will put AVTX on the top of my watch list and take a long trade
if I see signs of continuation with volume supporting the move.
AVTX trade ideas
AVTX POTENTIAL REVERSAL POST REVERSE SPLITWe've seen this type of move where reverse-split stock seems to grab more attention with accelerated volume.
AVTX completed a 240-to-1 reverse split with high volume around $6-8. We can see a potential rise to the upside where 50 EMA and FIB retracement.
The time expected is a rough estimate but we can see FEB-APR to be the big moving months.
We like to use the 1.68 and 3.68 full pattern points and expect to continue forward.
stop loss is limited to the lowest of all time, if so, likely to pop down to $2