- Stock broke out of its consolidation after its previous quarterly results announcement with strong volume.
- If the company maintains good results in the coming quarter, we could see a continued long term up-move in the stock.
- Low history, hence we need to buy and hold for good returns.
- Bullish outlook would remain valid as long as price is above 730.
Trade active
AVALON is up 75% from the date of the post, continues to stay in an uptrend! Partial profit booking here makes sense.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.