AVENG GROUP LIMITED
Panjang

Aveng Back to recovery

225
Since the Aveng stock split trading view was struggling to display the stock split, happy to see this corrected

What I see
  • Past 7 years a consistent down trend, with possible reversal now in 2021.
  • Rounding bottom a great reversal or short term bullish pattern with statistically excellent results
  • Local top in October 2021 followed by a pull back. Pullback hitting the golden pocket zone R15.50 or 0.618 fib level


Based on work on hand of close to R30 billion, and hitting the 0.618 fib level I believe R15.50 is a support level.

MY price target is as follows
R30 at the 0.618 Fib level (Most likely target after earnings report)
R48 at the 1.618 Fib level (I believe this is an achievable target if they decide to start declaring dividends)

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.