LD_Perspectives

Technical Trade Setup: AVI Ltd

Lång
JSE:AVI   AVI LTD
There's a handful of SA-Inc shares that have been doing very well in recent sessions. I have flagged a few single names, so the next step is to find ones that haven't moved as much yet but appear to be getting out of the starting blocks. AVI is one such stock. With it's reputation as having one of the best management teams on the JSE, the share, from a technical perspective is breaching the downward trend line (A_B) following a test of the incline support extending back to the March 2020 lows.

- Currently the share trades around 7407c but use the 7380c-7410c range to accumulate.
- In the event that it goes against us, place your stop at 7205c.
- Target Range: +7850c-7930c (close to the range highs)
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