Technical Analysis Avalon Technologies Limited.

The stock $AVALON is after consolidating and forming a base around the 800–900 levels between December and March the stock triggered a massive breakout in April. It is consistently forming higher highs and higher lows which is a classic sign of bullish momentum. The price has surged from around 900 to its current level near 1630 in just over two months. Immediate Resistance the stock is trading near its all-time highs. Psychological resistance stands at 1700 followed by 1800. Immediate Support the nearest short-term support lies around 1500–1530 recent minor swing low. Major Support a strong structural support base is established near 1300–1350 which previously acted as a consolidation zone before the latest leg up. The overall structure is highly bullish. For Fresh Entries entering at current levels carries a high risk-to-reward ratio. It is wiser to wait for a healthy pullback or minor consolidation toward the 1500 or 1350 support levels. For Existing Holders the trend is intact. One can continue to hold with a trailing stop-loss below the recent swing lows to protect profits.