Avion Gold Corp AVGCF

Ugly Chart

[rgrieve]

The chart looks bad and like it will go down to support at the $1.40 range where it might hold. If it breaks through there, then look out below.

The stock has been a huge winner since 2009 but now we have seen three uplegs that carried the shares from twenty cents to $2.57. Now we have put in a head and shoulders top with a weak right shoulder collapsing and dropping straight down.

I would not be inclined to catch this knife until it shows a solid, well established bottom where ever that may be.