Avion Gold Corp AVGCF

Strong move last week

[TAPicks]

I talked about Avion in my February 14th newsletter, see commentary here, where I talked about it doing an Ascending Triangle but I did not think it would break to the up side. It wasn't much longer after that writing that we saw it post an Indication Candle and the price followed suit in no time to test the support area at $1.43. Last week we saw some nice price movement with it gaining 15.3% on the week and I believe the volume over the last few days is a clear indication of better times to come for Avion Gold.

For now, I would take an entry as the price move above the orange long term trend line, around $1.80 right now. First target is to re-challenge its 52 week high at $2.08 for gains of 15.5%. From there the next target is at $2.40 making a total of 33.3% gains expected on this play. I would think this would be a 2 or 3 week swing trade.

See chart and other weekly picks here;
https://us1.campaign-archive2.com/?u=4d6d491aea8e01d93d8a1f390&id=92901ca87c#AVR

Cheers!