Today’s instrument is the Aveva Group Plc‘s (AVEVF) stock traded on the LSE exchange under the ticker AVV. 

When we look at the AVV ‘s chart, we see its sharp fall from the £2500 from the to the £1800 range where it formed to support and bounced back to the £2200 range. Since then, it has been trading relatively steadily between £2400 overhead resistance and £1900 temporary support. It was last found trading at the £2211 level.

Today we can expect a move towards the £1900 temporary closest support level.

If however, it manages to hold on to the current level then a move towards the £2300 can be expected.