Good Afternoon!
You’ve probably heard about Bitcoins and how everyone from Ben Bernanke to the Facebook Twins are getting gung-ho for this computer currency.
AVRA Inc. (AVRN) might be the only public company in our world translating the $1 BILLION Bitcoin boon into real-world payments. (Read more)
The AVRN chart is still really new, but from the classic BREAKOUT pattern I’m seeing, it looks eager to start making a LOT of noise:
That’s a pure triangle consolidation shaping up on AVRN over the last few weeks! Top trend coming down from above $0.55, floor rising fast.
Right here there’s barely 1 nickel in “wiggle room” before AVRN breaks one line or the other, which is technically a BREAKOUT.
Why do I love these situations? Because it only takes a tiny move to the upside to convert a historical ceiling into new support, opening BIG SKY!
And since the RSI is shaping up so nice, I’m thinking AVRN has what it takes to zig to the upside instead of zag, which is all we need here.
After all, all those big GREEN volume bars I circled add up to around DOUBLE volume up the up days . . . accumulators outnumber sellers!
Here’s what these Bitcoin Bulls may be chasing:
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Beyond that, AVRN is unique in my experience for focusing on bitcoin as a new payment system. I haven’t run into a publicly traded stock like this before . . . if you want bitcoin exposure, this is a pure play!
Bottom Line: AVRN is already a lead player if not THE leader in what could become a $400 BILLION transaction marketplace.
It’s only a start-up but the expenses are low and those foreigners were willing to pony up $0.50 a share for their piece. It’s cheaper now.
No wonder the accumulation line is soaring and even the analysts have started nosing around! “High risk, high REWARD,” they say!
Our end of the market is always risky. But if the big boys say the rewards on AVRN justify the ride, I’ll sit up and take notice!
Now do your homework on AVRN and its Bitcoins. Contemplate that chart . . . and I’ll be back tomorrow morning with final words before we trade!
Sincerely,
Michael Reef
yourstockguy@gmail.com
