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Jseavi

JSE:AVI AVI still waiting for the markdown to continueWe have been following the AVI distribution since the beginning of the year (see posts below). We are now in the markdown phase. Price has found some support at 8500 but is looking like selling pressure could push it through this level. The 200 day MA has been tested and we see an increase in volume on down bars as it pushes up against 8500. Watching for the break lower.
JSE:AVIShort
by SteynTrade
JSE:AVI Markdown Set to ContinueAfter a markup and distribution, AVI is now in the process of markdown. The markdown is set to continue with some increased volume and volatility.
JSE:AVIShort
by SteynTrade
JSE:AVI Distribution ContinuesThe year has started poorly for AVI (see posts below) and it looks set to get even worse. After a distribution trading range (TR) and back up to the range the markdown is set to begin.
JSE:AVIShort
by SteynTrade
JSE:AVI Lining up for a poor start to 2019AVI has been ranging since the beginning of the year. However, this looks like a distribution range. The declines with in the range have wider bars and sharper declines than any previous declines since listing. The last decline was on high volume and the attempted rally seems to be failing at the Yearly Pivot Point. Will be watching for price action and if the oversold trend line will be broken decisively for the markdown to start.
JSE:AVIShort
by SteynTrade
Updated

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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