The_Patterns_Guy
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#AVP #long #stock #bottom

NYSE:AVP   AVON PRODUCTS INC
AVP             looks to be forming a rounded bottom. The daily looks good. All indicators perking up with a rounded bottom formation. Weekly looks good. 2 x out of three indicators looking good. Same with the monthly. The only downside is this looks like a bottom within a massive downtrend. You have to be very careful going against a massive downtrend. I have used Fib levels to set targets, along with prior peaks. I have used the most recent low as my stop...that is a firm stop! Do not hang around for this one if it bust the stop. Close the position and forget about it. Alternatively, it this stock bust thru its targets, keep rolling up to ride the gains.


Weekly

Monthly
it is way up today, nice call. AVP
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