In just 10 bloody days back in June, Avocet Mining's share price dropped from 150p to 60p, but is now worth buying again, says Ragu Dharmaratnam of Baselica.
Traders could enter long positions on a break above the recent resistance line at 98p, targeting the next important resistance level at 138p. The weekly MACD oscillator - which measures medium-term momentum - supports this view. Place a stop loss at 84p to start with.
