Gone long on AVN again after having been stopped out a couple of times over the last year or so. A definite recovery play and fundies are quite simple---it's a satellite business which provides wireless broadband in hard to reach locations. Currently servicing Europe but Hylas 2 (2nd satellite which has been funded) will be launched servicing Africa and the Middle East over the coming months so hopefully anticipation building. Quick overview on long:
*Double Bottom at 235?
*Stochs/RSI looking up
*Stoch divergence yesterday
*ATR exhausted suggesting bears have run out of steam
*MACD fast line turning up, hopefully to cross over slower line
*Selling volume over last few days appears to have eased (highest vol yday for 6 months)
*Recent director buys and broker forecasts range from 900-2300
Granted it's a shocking chart however risk reward makes up for that and if price dips below recent low suggest taking a small loss.