Just bought this at 64.75 pence,feel free to comment..

Avis ave

Just look at the repeat pattern on the lower indicator RSI and how everytime it hits the 60 support line it bounces back of the support with a lovely move up in the SP.

Rather uncanny how many times this as happened since the middle of may.

The sp in the intermediate time is hugging a upward trend line started in early may.

Looks good for further rises from here to break support at 43p 51p and then 75p:

gf
i hope you are right. bought at 23 took profit at 37 and bought back in yesterday on down day and added today. thats it. sitting tight now. for the time being,
regards
jkd

Added a few bob on avis ave looks like theirs a buying charge going on at the moment.

stopped out today.
regards
jkd

We had a largely bullish interim management statement from AVE in November http://www.investegate.co.uk/Article.aspx?id=200911170700095975C and of late we have seen some very good results from travel companys which seem to have been very resiliant during the down turn, so it comes as a bit of a suprise that the stocks SP has underperformed in the last few months.

Could that be about to change????



Seems to me we have hit a bottom at 25p which is proving to be very resiliant support. Are we about to break out??.

TIME TO TRAVEL BY CAR.

Seems to me the business model of Avis is in jeopardy and the company could go under soon... 18.75p now.

Now that chart I was promosing. Avis Europe. AVE.

A lot more to come here in my opinion........