Share price behaviour this week has been quite interesting. Our chartist looks for upside potentials.
Advanced Oncotherapy (LSE:AVO)
With recent emails expressing interesting in Advanced Oncotherapy (LSE:AVO), we didn't have far to look for inspiration.
For due diligence, we also visited the company website and discovered more than we needed to know about something called Proton Beams.
The share price behaviour this week has been quite interesting and we're not presently concerned at the slight reversals being shown.
Movement on Monday appears to have triggered a coming growth cycle to an initial 40p with secondary, if exceeded, at 47p.
Presently trading around the 36p level, above 38p should make upward travel difficult to restrain.
To cancel the immediate cycle, the share price needs either to close a session below 33p or drop below red, currently at 30.25p, to promote concerns as to longer-term growth.
Visually there's a pretty strong hint the price should experience hesitation, should 47p make an appearance.
However, closure above such a level is liable to be really critical, launching the share price into a region with a long-term ambition of 83p eventually.
Source: Trends and Targets Past performance is not a guide to future performance
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
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